Reece Limited (ASX:REH – Get Free Report) insider Ross McEwan purchased 30,000 shares of Reece stock in a transaction on Thursday, February 27th. The shares were acquired at an average price of A$18.06 ($11.22) per share, with a total value of A$541,830.00 ($336,540.37).
Reece Stock Performance
The company has a market cap of $14.51 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 1.37 and a beta of 0.83. The company has a debt-to-equity ratio of 47.17, a quick ratio of 1.07 and a current ratio of 2.17.
Reece Cuts Dividend
The business also recently declared a Interim dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.065 per share. The ex-dividend date is Monday, March 17th. This represents a dividend yield of 0.36%. Reece’s dividend payout ratio (DPR) is 40.00%.
About Reece
Reece Limited engages in the distribution of plumbing, waterworks, bathroom, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, the United States, and New Zealand. It also distributes irrigation and pools, and kitchen products. The company serves customers in the trade, retail, commercial, and infrastructure markets.
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