Coventry Group Ltd (ASX:CYG) Insider Alexander (Alex) White Acquires 66,314 Shares of Stock

Coventry Group Ltd (ASX:CYG) insider Alexander (Alex) White acquired 66,314 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were bought 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 shares were purchased at an average cost of A$1.30 ($0.87) per share, with a total value of A$209,739.46 ($140,764.74).
• On Tuesday, September 3rd, Alexander (Alex) White purchased 100,000 shares of Coventry Group stock. The stock was purchased 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 shares were acquired at an average cost of A$1.33 ($0.89) per share, with a total value of A$716,581.33 ($480,927.07).
• On Wednesday, August 28th, Alexander (Alex) White bought 60,000 shares of Coventry Group stock. The shares were bought at an average price 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 firm also recently disclosed a Final dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, October 10th were given a dividend of $0.037 per share. This represents a dividend yield of 2.88%. This is an increase from Coventry Group’s previous Final dividend of $0.04. The ex-dividend date of this dividend 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.