GrainCorp Limited (ASX:GNC) Insider Acquires A$46,590.00 in Stock

GrainCorp Limited (ASX:GNC) insider Kathy Grigg bought 6,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of A$7.77 ($4.95) per share, for a total transaction of A$46,590.00 ($29,675.16).

GrainCorp Price Performance

The company has a debt-to-equity ratio of 96.29, a quick ratio of 0.58 and a current ratio of 1.56.

GrainCorp Cuts Dividend

The business also recently declared a Final dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.24 per share. This represents a dividend yield of 2.94%. The ex-dividend date of this dividend was Tuesday, November 26th. GrainCorp’s payout ratio is currently 63.64%.

GrainCorp Company Profile

GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. The company handles and trades in wheat, barley, sorghum, corn, oilseeds, pulses, organics, animal fats, and used cooking oils and vegetable oils for animal feed purposes; handles, processes, and stores grains and oilseeds; refines, bleaches, deodorizes, and blends edible fats and oil products; and crushes, processes, manufactures, and distributes edible oils.