Coventry Group Ltd (ASX:CYG) Insider Alexander (Alex) White buys 161,836 shares

Coventry Group Ltd (ASX:CYG – Get Your Free Report ) Alexander (Alex) White purchased 161,836 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average price of $1.30 ($0.88) per share, for a total transaction of $209,739.46 ($141,715.85).

Alexander (Alex) White also recently made the following trades:

• On Tuesday, September 3rd, Alexander (Alex) White bought 100,000 shares of Coventry Group stock. The stock was purchased at an average price of $1.38 ($0.93) per share, for a total transaction of $138,100.00 ($93,310.81).
• On Monday, August 26th, Alexander (Alex) White bought 540,001 shares of Coventry Group stock. The stock was bought at an average price of $1.33 ($0.90) per share, for a total transaction of $716,581.33 ($484,176.57).
• On Wednesday, August 28th, Alexander (Alex) White bought 60,000 shares of Coventry Group stock. The shares were bought at an average price of $1.37 ($0.93) per share, with a total value of $82,380.00 ($55,662.16).

Coventry Group share performance

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

Coventry Group increases dividend

The company also recently declared a final dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, October 10th will be given a dividend of $0.037 per share. This is an increase from Coventry Group’s previous final dividend of $0.04. This represents a yield of 2.88%. The ex-dividend date of this dividend is Thursday, September 26. Coventry Group’s dividend payout ratio is 400.00%.

About Coventry Group

(Get a free report)

Coventry Group Ltd is primarily involved in the distribution of industrial products in Australia and New Zealand. The company operates through the commercial distribution and fluid systems segments. The Trade Distribution segment imports, distributes and markets industrial, stainless steel and construction fasteners; and specialty fastener products and systems, as well as industrial hardware and related industrial tools and supplies.

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