Stockland (ASX:SGP) Insider Tarun Gupta Buys 654,094 Shares

Stockland (ASX:SGP) insider Tarun Gupta purchased 654,094 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average price of A$5.01 ($3.41) per share, for a total transaction of A$3,277,010.94 ($2,229,259.14).

Stockland Price Performance

The company has a debt-to-equity ratio of 49.56, a current ratio of 1.70 and a quick ratio of 0.10.

Stockland Increases Dividend

The business also recently disclosed a Final dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 29th were paid a dividend of $0.166 per share. This represents a dividend yield of 3.95%. This is a positive change from Stockland’s previous Final dividend of $0.14. The ex-dividend date was Wednesday, June 26th. Stockland’s payout ratio is presently 253.85%.

About Stockland

We are a leading creator and curator of connected communities with people at the heart of the places we create. For more than 70 years, we have built a proud legacy, helping more Australians achieve the dream of home ownership, and enabling the future of work and retail. Today, we continue to build on our history as one of Australia's largest diversified property groups to elevate the social value of our places, and create a tangible sense of human connection, belonging and community for our customers.