Andrew Lancaster Buys 40,000 Shares of Nine Entertainment Co. Holdings Limited (ASX:NEC) Stock

Nine Entertainment Co. Holdings Limited (ASX:NEC) insider Andrew Lancaster bought 40,000 shares of Nine Entertainment stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of A$1.11 ($0.73) per share, with a total value of A$44,520.00 ($29,289.47).

Nine Entertainment Stock Performance

The company has a debt-to-equity ratio of 60.45, a current ratio of 1.03 and a quick ratio of 0.62.

Nine Entertainment Cuts Dividend

The company also recently announced a Final dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 23rd were issued a $0.045 dividend. This represents a dividend yield of 3.61%. The ex-dividend date was Wednesday, September 11th. Nine Entertainment’s payout ratio is currently 128.57%.

About Nine Entertainment

Nine Entertainment Co Holdings Limited engages in the broadcasting and program production businesses across free to air television, video on demand, and metropolitan radio networks in Australia. It operates through Broadcasting, Digital and Publishing, Domain Group, and Stan segments. The company provides television services under the brands, including 9Network, Channel 9, 9Gem, 9Go!, 9Life, and 9Rush; video on demand platform under 9Now brand; radio stations under 2GB, 3AW, 4BC, and 6PR brands; and publishes newspapers, news-inserted magazines, digital, and events, as well as nine.com.au, a site of news, lifestyle, sport, and entertainment content.