Nine Entertainment Co. Holdings Limited (ASX:NEC) Insider Andrew Lancaster Purchases 40,000 Shares

Nine Entertainment Co. Holdings Limited (ASX:NEC) insider Andrew Lancaster acquired 40,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of A$1.11 ($0.73) per share, with a total value of A$44,520.00 ($29,289.47).

Nine Entertainment Price Performance

The company has a quick ratio of 0.62, a current ratio of 1.03 and a debt-to-equity ratio of 60.45.

Nine Entertainment Cuts Dividend

The firm also recently disclosed a Final dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 23rd were paid a $0.045 dividend. The ex-dividend date was Wednesday, September 11th. This represents a yield of 3.61%. Nine Entertainment’s dividend payout ratio (DPR) is presently 128.57%.

About Nine Entertainment

Nine Entertainment Co Holdings Limited engages in the broadcasting and program production businesses across free to air television, video on demand, and metropolitan radio networks in Australia. It operates through Broadcasting, Digital and Publishing, Domain Group, and Stan segments. The company provides television services under the brands, including 9Network, Channel 9, 9Gem, 9Go!, 9Life, and 9Rush; video on demand platform under 9Now brand; radio stations under 2GB, 3AW, 4BC, and 6PR brands; and publishes newspapers, news-inserted magazines, digital, and events, as well as nine.com.au, a site of news, lifestyle, sport, and entertainment content.