Aussie Broadband (ASX:ABB) Insider Phillip Britt Sells 500,000 Shares of Stock

Aussie Broadband Limited (ASX:ABB) insider Phillip Britt sold 500,000 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of A$5.11, for a total transaction of A$2,555,000.00.

Phillip Britt also recently made the following trade(s):

• On Wednesday, February 25th, Phillip Britt sold 500,000 shares of Aussie Broadband stock. The stock was sold at an average price of A$5.00, for a total value of A$2,500,000.00.

Aussie Broadband Price Performance

The company has a market cap of $1.17 billion, a PE ratio of 42.54, a P/E/G ratio of 0.32 and a beta of 0.49. The company has a debt-to-equity ratio of 61.66, a current ratio of 1.29 and a quick ratio of 0.52.

Aussie Broadband Dividend Announcement

The business also recently announced a Interim dividend, which will be paid on Sunday, March 22nd. Investors of record on Sunday, March 22nd will be given a dividend of $0.024 per share. This represents a yield of 47.0%. The ex-dividend date of this dividend is Thursday, March 5th. Aussie Broadband’s dividend payout ratio (DPR) is currently 40.00%.

Aussie Broadband Company Profile

Aussie Broadband Limited provides telecommunications services to residential and businesses in Australia. It operates in four segments: Residential, Business, Wholesale, and Enterprise & Government. The company offers g fixed broadband, telephony, mobile, and other value add services; and connectivity, voice, managed network, security, cloud, and support services. It also provides a range of other telecommunications services, including voice over internet protocol (VoIP), mobile plans and headsets, and entertainment bundles to residential, small business, and enterprise customers.