Smartgroup Co. Ltd (ASX:SIQ)’s share price traded down 1% during mid-day trading on Friday . The stock traded as low as A$12.07 ($8.56) and last traded at A$12.18 ($8.64), 309,847 shares changed hands during mid-day trading. A decline of 35% from the average session volume of 478,883 shares. The stock had previously closed at A$12.30 ($8.72).

The firm’s 50-day moving average is A$9.47 and its 200 day moving average is A$8.81. The company has a debt-to-equity ratio of 28.45, a quick ratio of 0.49 and a current ratio of 1.06. The stock has a market cap of $1.61 billion and a PE ratio of 25.75.

The business also recently declared a Interim dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 16th will be given a $0.215 dividend. This represents a yield of 1.99%. This is a boost from Smartgroup’s previous Interim dividend of $0.20. The ex-dividend date of this dividend is Friday, August 30th. Smartgroup’s dividend payout ratio is 90.91%.

In other Smartgroup news, insider John Prendiville sold 64,469 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of A$11.15 ($7.91), for a total value of A$718,829.35 ($509,808.05).

About Smartgroup (ASX:SIQ)

Smartgroup Corporation Ltd provides specialist employee management services in Australia and internationally. It operates through Outsourced Administration (OA); Vehicle Services (VS); and Software, Distribution, and Group Services (SDGS) segments. The OA segment offers outsourced salary packaging services, novated leasing, share plan administration, and outsourced payroll services.

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