Peet Limited (ASX:PPC) Insider Buys A$420,400.00 in Stock

Peet Limited (ASX:PPCGet Rating) insider Anthony(Tony) Lennon purchased 400,000 shares of the business’s stock in a transaction dated Wednesday, June 8th. The shares were purchased at an average cost of A$1.05 ($0.76) per share, with a total value of A$420,400.00 ($302,446.04).

The company has a debt-to-equity ratio of 51.07, a current ratio of 2.04 and a quick ratio of 0.73.

The firm also recently declared a Interim dividend, which was paid on Wednesday, April 13th. Shareholders of record on Wednesday, April 13th were given a $0.0225 dividend. This is a boost from Peet’s previous Interim dividend of $0.01. This represents a yield of 1.88%. The ex-dividend date was Wednesday, March 23rd. Peet’s dividend payout ratio is 49.38%.

About Peet (Get Rating)

Peet Limited acquires, develops, and markets residential land in Australia. The company operates through Funds Management, Company-Owned Projects, and Joint Arrangements segments. The Funds Management segment provides underwriting, capital raising, and asset identification services. The Company-Owned Projects segment acquires parcels of land primarily for residential development purpose, as well as produces non-residential blocks of land.

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