Qualitas Limited (ASX:QAL – Get Free Report) insider Andrew Fairley bought 7,391 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was acquired at an average price of A$2.39 ($1.61) per share, for a total transaction of A$17,642.32 ($11,920.48).
Qualitas Stock Performance
The company has a quick ratio of 10.67, a current ratio of 4.07 and a debt-to-equity ratio of 80.46.
Qualitas Increases Dividend
The business also recently announced a Final dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a dividend yield of 2.45%. This is a positive change from Qualitas’s previous Final dividend of $0.06. Qualitas’s dividend payout ratio (DPR) is 88.89%.
Qualitas Company Profile
Qualitas is a real estate investment firm which focuses on direct investment in all real estate classes and geographies, acquisitions and restructuring of distressed debt, third party capital raisings and consulting services. It seeks to provide bridge loans in the major markets of the Australian east coast, and particularly the medium and high density residential development sector.
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