Insider Selling: COG Financial Services Limited (ASX:COG) Insider Sells 20,000,000 Shares of Stock

COG Financial Services Limited (ASX:COG) insider Cameron McCullagh sold 20,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of A$1.00 ($0.63), for a total value of A$20,000,000.00 ($12,578,616.35).

COG Financial Services Price Performance

The company has a debt-to-equity ratio of 248.38, a quick ratio of 0.47 and a current ratio of 0.70. The firm has a market cap of $210.92 million, a price-to-earnings ratio of 1.03 and a beta of 0.79.

COG Financial Services Cuts Dividend

The business also recently disclosed a Interim dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Sunday, March 9th. This represents a yield of 2.99%. COG Financial Services’s dividend payout ratio is currently 128.57%.

About COG Financial Services

COG Financial Services Limited, together with its subsidiaries, engages in equipment financing and broking, aggregation, insurance broking, and novated leasing activities in Australia. The company operates through: Finance Broking and Aggregation; and Funds Management and Lending segments. It also provides management of investment funds; provides financing arrangements to commercial customers for essential business assets; and managed IT services.