Coventry Group Ltd (ASX:CYG) Insider Acquires A$84,749.29 in Stock

Coventry Group Ltd (ASX:CYG) insider Alexander (Alex) White bought 66,314 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was acquired at an average cost of A$1.28 ($0.86) per share, for a total transaction of A$84,749.29 ($56,878.72).

Alexander (Alex) White also recently made the following trade(s):

• On Thursday, October 3rd, Alexander (Alex) White bought 161,836 shares of Coventry Group stock. The stock was acquired at an average cost of A$1.30 ($0.87) per share, for a total transaction of A$209,739.46 ($140,764.74).
• On Tuesday, September 3rd, Alexander (Alex) White bought 100,000 shares of Coventry Group stock. The stock was acquired at an average cost of A$1.38 ($0.93) per share, for a total transaction of A$138,100.00 ($92,684.56).
• On Monday, August 26th, Alexander (Alex) White bought 540,001 shares of Coventry Group stock. The stock was acquired at an average cost of A$1.33 ($0.89) per share, for a total transaction of A$716,581.33 ($480,927.07).
• On Wednesday, August 28th, Alexander (Alex) White bought 60,000 shares of Coventry Group stock. The stock was acquired at an average cost of A$1.37 ($0.92) per share, for a total transaction of A$82,380.00 ($55,288.59).

Coventry Group Price 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 declared a Final dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, October 10th were issued a dividend of $0.037 per share. This represents a yield of 2.88%. This is a positive change from Coventry Group’s previous Final dividend of $0.04. The ex-dividend date was Thursday, September 26th. Coventry Group’s dividend payout ratio (DPR) is presently 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.