Alfred Moufarrige Purchases 12,000 Shares of Servcorp (ASX:SRV) Stock

Servcorp Limited (ASX:SRV) insider Alfred Moufarrige purchased 12,000 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were purchased at an average cost of A$7.00 per share, with a total value of A$84,000.00.

Alfred Moufarrige also recently made the following trade(s):

• On Friday, August 22nd, Alfred Moufarrige purchased 200,000 shares of Servcorp stock. The shares were purchased at an average cost of A$7.00 per share, with a total value of A$1,400,000.00.

Servcorp Stock Performance

The company has a debt-to-equity ratio of 190.73, a current ratio of 0.51 and a quick ratio of 0.84. The company has a market capitalization of $523.01 million, a PE ratio of 4.44, a PEG ratio of 1.97 and a beta of 0.93.

Servcorp Increases Dividend

The business also recently announced a Final dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, October 1st will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, September 3rd. This represents a yield of 217.0%. This is a boost from Servcorp’s previous Final dividend of $0.13. Servcorp’s dividend payout ratio (DPR) is currently 65.00%.

Servcorp Company Profile

Servcorp Limited provides executive serviced and virtual offices, coworking and IT, communications, and secretarial services. It offers office space solutions; and virtual office services, including office business address, secretary and receptionist, mail forwarding, and telephone answering services.