David George Buys 25,000 Shares of Magellan Financial Group Limited (ASX:MFG) Stock

Magellan Financial Group Limited (ASX:MFGGet Free Report) insider David George purchased 25,000 shares of Magellan Financial Group stock in a transaction that occurred on Tuesday, September 12th. The shares were bought at an average price of A$9.47 ($6.11) per share, with a total value of A$236,750.00 ($152,741.94).

Magellan Financial Group Price Performance

The company has a quick ratio of 2.41, a current ratio of 1.96 and a debt-to-equity ratio of 1.06.

Magellan Financial Group Increases Dividend

The firm also recently announced a Final dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, September 6th were given a dividend of $0.698 per share. This represents a yield of 6.76%. The ex-dividend date of this dividend was Tuesday, August 22nd. This is a positive change from Magellan Financial Group’s previous Final dividend of $0.69. Magellan Financial Group’s dividend payout ratio (DPR) is currently 80.00%.

Magellan Financial Group Company Profile

(Get Free Report)

Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe. Magellan Financial Group Limited founded in 2004 and is based in Sydney, Australia.

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