Marina Go, an insider at Metcash Limited (ASX:MTS), has purchased 15,000 shares of the company in a transaction dated December 2, 2023. The shares were acquired at an average price of A$3.32 each, leading to a total investment of approximately A$49,845.
Financial Overview of Metcash
Metcash operates with a current ratio of 1.13 and a quick ratio of 0.72, indicating its liquidity position. The company’s debt-to-equity ratio stands at 93.04, which reflects its financial leverage. As of the latest reports, Metcash has a market capitalization of A$3.43 billion, a price-to-earnings ratio of 12.52, and a negative price-to-earnings-growth ratio of -4.51. Its beta, a measure of volatility, is recorded at -0.10, suggesting that the stock is less volatile compared to the market.
Another significant announcement from Metcash includes an interim dividend set to be paid on January 27, 2024. Shareholders on record as of the same date will receive a dividend of A$0.085 per share, representing a substantial dividend yield of 251.0%. The ex-dividend date for this payment is December 11, 2023, indicating when the stock will begin trading without the value of the upcoming dividend. Metcash’s dividend payout ratio is currently at 76.92%, highlighting its commitment to returning value to shareholders.
About Metcash Limited
Based in Australia, Metcash Limited functions as a wholesale distribution and marketing entity. It operates through various segments, including Food, Liquor, and Hardware. The Food segment caters to independent supermarket and convenience retail outlets, distributing a diverse range of products and services. In the Liquor segment, Metcash focuses on the distribution of liquor products to independent retail outlets and hospitality venues.
The recent share acquisition by Marina Go highlights confidence among insiders regarding the company’s future trajectory. Investors and analysts alike will be keen to monitor Metcash’s performance, particularly in light of its upcoming dividend and overall market dynamics.
