Rhipe Ltd (ASX:RHP)’s share price fell 3.1% during trading on Monday . The company traded as low as A$2.51 ($1.78) and last traded at A$2.51 ($1.78), 367,608 shares were traded during trading. The stock had previously closed at A$2.59 ($1.84).

The company has a market capitalization of $351.69 million and a price-to-earnings ratio of 57.05. The company has a 50-day moving average price of A$2.79.

The business also recently disclosed a Final dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 24th will be given a dividend of $0.02 per share. This represents a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, October 8th. Rhipe’s dividend payout ratio is presently 90.91%.

In other news, insider Dominic O’Hanlon sold 1,600,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of A$2.95 ($2.09), for a total transaction of A$4,720,000.00 ($3,347,517.73).

Rhipe Company Profile (ASX:RHP)

rhipe Limited, a cloud channel company, provides cloud based licensing programs and services to software vendors in the Asia Pacific. The company offers licensing, business development, and knowledge services to services providers, system integrators, and software vendors to accelerate the adoption of the cloud by end customers.

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