Insider Buying: Incitec Pivot Limited (ASX:IPL) Insider Acquires 2,638,982 Shares of Stock

Incitec Pivot Limited (ASX:IPLGet Free Report) insider John Ho acquired 2,638,982 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average price of A$3.12 ($1.99) per share, with a total value of A$8,233,623.84 ($5,244,346.39).

Incitec Pivot Price Performance

The company has a current ratio of 1.85, a quick ratio of 0.84 and a debt-to-equity ratio of 36.97.

Incitec Pivot Increases Dividend

The business also recently disclosed a Final dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 17th will be issued a $0.063 dividend. This represents a yield of 2.09%. This is an increase from Incitec Pivot’s previous Final dividend of $0.05. The ex-dividend date of this dividend is Monday, December 2nd. Incitec Pivot’s dividend payout ratio is presently -128.57%.

Incitec Pivot Company Profile

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Incitec Pivot Limited, together with its subsidiaries, manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia, the United States, the Asia Pacific, Turkey, France, and internationally. It offers ammonium nitrate, nitrogen-based fertilizer, ammonia, di/mono-ammonium phosphate, and single super phosphate.

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