Insider Buying: AMP (ASX:AMP) Insider Purchases 3,097,661 Shares of Stock

AMP Limited (ASX:AMP) insider Alexis George acquired 3,097,661 shares of AMP stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average cost of A$1.25 per share, with a total value of A$3,872,076.25.

AMP Price Performance

The company has a market cap of $4.43 billion, a PE ratio of 68.75, a PEG ratio of -12.07 and a beta of 0.67. The company has a debt-to-equity ratio of 125.36, a current ratio of 6.68 and a quick ratio of 0.17.

AMP Announces Dividend

The company also recently announced a Final dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, April 1st will be given a $0.02 dividend. This represents a dividend yield of 143.0%. The ex-dividend date of this dividend is Thursday, February 26th. AMP’s dividend payout ratio is presently 133.33%.

About AMP

AMP Limited provides banking, super, retirement, and advice services in Australia and New Zealand. It operates through AMP Bank, Platform, Master Trust, Advice, and New Zealand Wealth Management (NZWM) segments. The company provides superannuation, retirement, and investment solutions; pension solutions; and SignatureSuper, a retail master trust. It also offers financial advice and wealth solutions, including retirement planning, investments, and financing; and home loans, deposit, and transaction accounts.