David Riches Sells 1,350,000 Shares of GenusPlus Group (ASX:GNP) Stock

GenusPlus Group Limited (ASX:GNP) insider David Riches sold 1,350,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of A$5.50, for a total value of A$7,425,000.00.

David Riches also recently made the following trade(s):

• On Friday, September 5th, David Riches sold 300,000 shares of GenusPlus Group stock. The stock was sold at an average price of A$5.18, for a total value of A$1,553,400.00.

GenusPlus Group Stock Performance

The stock has a market capitalization of $515.33 million, a P/E ratio of 27.31 and a beta of 0.29. The company has a debt-to-equity ratio of 24.14, a current ratio of 1.46 and a quick ratio of 1.37.

GenusPlus Group Increases Dividend

The company also recently disclosed a Final dividend, which will be paid on Thursday, October 30th. Stockholders of record on Thursday, October 30th will be issued a $0.036 dividend. The ex-dividend date of this dividend is Monday, September 29th. This is an increase from GenusPlus Group’s previous Final dividend of $0.03. This represents a dividend yield of 69.0%. GenusPlus Group’s dividend payout ratio is currently 27.27%.

GenusPlus Group Company Profile

GenusPlus Group Ltd engages in the installation, construction, and maintenance of power and communication systems in Australia. The company operates through three segments: Infrastructure, Communications, and Industrial. It offers various services, including planning, designing, constructing, operating, testing, maintaining, managing, and decommissioning power network assets for electricity utilities, infrastructure developers, telecommunications networks, and mining companies.