GrainCorp Limited (ASX:GNC) Insider Sells A$797,851.39 in Stock

GrainCorp Limited (ASX:GNC) insider Robert Spurway sold 105,872 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of A$7.54 ($4.86), for a total value of A$797,851.39 ($514,742.83).

Robert Spurway also recently made the following trade(s):

• On Monday, March 10th, Robert Spurway sold 10,000 shares of GrainCorp stock. The shares were sold at an average price of A$7.01 ($4.52), for a total transaction of A$70,050.00 ($45,193.55).

GrainCorp Price Performance

The company has a current ratio of 1.80, a quick ratio of 0.58 and a debt-to-equity ratio of 62.55. The firm has a market cap of $1.55 billion, a P/E ratio of 15.94, a PEG ratio of -0.90 and a beta of 1.00.

GrainCorp Announces Dividend

The company also recently disclosed a Interim dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 16th will be paid a $0.24 dividend. This represents a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, July 1st. 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.