Magellan Financial Group (ASX:MFG) Insider David Dixon Purchases 3,000 Shares

Magellan Financial Group Limited (ASX:MFG) insider David Dixon acquired 3,000 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average cost of A$9.59 per share, for a total transaction of A$28,770.00.

David Dixon also recently made the following trade(s):

• On Wednesday, August 27th, David Dixon acquired 2,000 shares of Magellan Financial Group stock. The stock was acquired at an average price of A$10.21 per share, for a total transaction of A$20,420.00.

Magellan Financial Group Price Performance

The firm has a market cap of $1.73 billion, a PE ratio of 5.57, a PEG ratio of -0.36 and a beta of 1.01. The company has a current ratio of 7.16, a quick ratio of 2.41 and a debt-to-equity ratio of 0.75.

Magellan Financial Group Increases Dividend

The business also recently declared a Final dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, September 8th were given a dividend of $0.469 per share. The ex-dividend date of this dividend was Sunday, August 24th. This is an increase from Magellan Financial Group’s previous Final dividend of $0.36. This represents a dividend yield of 440.0%. Magellan Financial Group’s dividend payout ratio is 49.24%.

Magellan Financial Group Company Profile

Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe. Magellan Financial Group Limited founded in 2004 and is based in Sydney, Australia.