ARN Media Limited (ASX:A1N) Insider Buys A$332,593.56 in Stock

ARN Media Limited (ASX:A1N) insider Ciaran Davis purchased 568,536 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of A$0.59 ($0.38) per share, for a total transaction of A$332,593.56 ($213,201.00).

ARN Media Price Performance

ARN Media Cuts Dividend

The business also recently declared a Final dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were issued a dividend of $0.011 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a yield of 1.82%. ARN Media’s payout ratio is presently -27.78%.

ARN Media Company Profile

ARN Media Limited, together with its subsidiaries, operates as a media and entertainment company in Australia and Hong Kong. The company operates through Australian Radio Network, HK Outdoor, and Investments segments. It owns and operates Australian Radio Network under the KIIS, Pure Gold, iHeartRadio, iHeartPodcast, and CADA brands.