Insider Buying: Telstra Group Limited (ASX:TLS) Insider Acquires 100,000 Shares of Stock

Telstra Group Limited (ASX:TLS) insider David Lamont purchased 100,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of A$4.19 ($2.63) per share, for a total transaction of A$418,800.00 ($263,396.23).

Telstra Group Price Performance

The company has a debt-to-equity ratio of 113.71, a current ratio of 0.53 and a quick ratio of 0.52. The company has a market cap of $44.72 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 2.33 and a beta of 0.35.

Telstra Group Increases Dividend

The company also recently declared a Interim dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 27th will be paid a dividend of $0.095 per share. This represents a yield of 2.29%. The ex-dividend date is Tuesday, February 25th. This is an increase from Telstra Group’s previous Interim dividend of $0.09. Telstra Group’s dividend payout ratio (DPR) is currently 128.57%.

Telstra Group Company Profile

Telstra Group Limited engages in the provision of telecommunications and information services to businesses, governments, and individuals in Australia and internationally. It operates through four segments: Telstra Consumer and Small Business, Telstra Enterprise, Networks and IT, and Telstra InfraCo The company offers telecommunication, media and technology products and services to consumer and business customers using mobile and fixed network technologies, as well as operates call centers, retail stores, a dealership network, digital channels, distribution systems and Telstra Plus customer loyalty program in Australia.