Insider Selling: Aussie Broadband (ASX:ABB) Insider Sells 500,000 Shares of Stock

Aussie Broadband Limited (ASX:ABB) insider Phillip Britt sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of A$5.00, for a total value of A$2,500,000.00.

Aussie Broadband Stock Performance

The firm has a market capitalization of $1.17 billion, a PE ratio of 42.54, a price-to-earnings-growth ratio of 0.32 and a beta of 0.49. The company has a quick ratio of 0.52, a current ratio of 1.29 and a debt-to-equity ratio of 61.66.

Aussie Broadband Announces Dividend

The company also recently disclosed a Interim dividend, which will be paid on Sunday, March 22nd. Shareholders of record on Sunday, March 22nd will be paid a $0.024 dividend. The ex-dividend date is Thursday, March 5th. This represents a yield of 47.0%. Aussie Broadband’s dividend payout ratio (DPR) is 40.00%.

About Aussie Broadband

Aussie Broadband Limited provides telecommunications services to residential and businesses in Australia. It operates in four segments: Residential, Business, Wholesale, and Enterprise & Government. The company offers g fixed broadband, telephony, mobile, and other value add services; and connectivity, voice, managed network, security, cloud, and support services. It also provides a range of other telecommunications services, including voice over internet protocol (VoIP), mobile plans and headsets, and entertainment bundles to residential, small business, and enterprise customers.