Incitec Pivot Limited (ASX:IPL) Insider Buys A$8,233,623.84 in Stock

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

Incitec Pivot Stock Performance

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

Incitec Pivot Increases Dividend

The business also recently announced a Final dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 17th will be given a $0.063 dividend. The ex-dividend date is Monday, December 2nd. This represents a yield of 2.09%. This is a positive change from Incitec Pivot’s previous Final dividend of $0.05. Incitec Pivot’s dividend payout ratio (DPR) is currently -128.57%.

About Incitec Pivot

(Get Free Report)

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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