Neil Cathie Purchases 29,401 Shares of Coventry Group Ltd (ASX:CYG) Stock

Coventry Group Ltd (ASX:CYG) insider Neil Cathie purchased 29,401 shares of Coventry Group stock in a transaction that occurred on Friday, October 11th. The shares were bought at an average cost of A$1.24 ($0.83) per share, for a total transaction of A$36,339.64 ($24,389.02).

Coventry Group Stock Performance

The company has a debt-to-equity ratio of 94.64, a current ratio of 1.30 and a quick ratio of 0.57.

Coventry Group Increases Dividend

The company also recently announced a Final dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, October 10th were issued a $0.037 dividend. This is a positive change from Coventry Group’s previous Final dividend of $0.04. This represents a yield of 2.88%. The ex-dividend date of this dividend was Thursday, September 26th. Coventry Group’s dividend payout ratio (DPR) is currently 400.00%.

About Coventry Group

Coventry Group Ltd primarily engages in the distribution of industrial products in Australia and New Zealand. The company operates through Trade Distribution and Fluids Systems segments. The Trade Distribution segment imports, distributes, and markets industrial, stainless steel, and construction fasteners; and specialized fastener products and systems, as well as industrial hardware, and associated industrial tools and consumables.