Insider Selling: Brambles (ASX:BXB) Insider Sells A$1,837,181.92 in Stock

Brambles Limited (ASX:BXB) insider Graham Chipchase sold 77,063 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of A$23.84, for a total value of A$1,837,181.92.

Graham Chipchase also recently made the following trade(s):

• On Friday, October 31st, Graham Chipchase purchased 21 shares of Brambles stock. The stock was acquired at an average price of A$24.76 per share, for a total transaction of A$520.00.
• On Friday, October 24th, Graham Chipchase sold 117,385 shares of Brambles stock. The shares were sold at an average price of A$24.66, for a total transaction of A$2,894,714.10.
• On Tuesday, September 30th, Graham Chipchase bought 21 shares of Brambles stock. The shares were bought at an average price of A$24.81 per share, for a total transaction of A$521.01.
• On Friday, August 29th, Graham Chipchase purchased 20 shares of Brambles stock. The shares were bought at an average cost of A$25.85 per share, with a total value of A$517.00.

Brambles Price Performance

The company has a debt-to-equity ratio of 81.84, a current ratio of 0.61 and a quick ratio of 0.52. The stock has a market capitalization of $16.85 billion, a P/E ratio of 21.92, a PEG ratio of 0.83 and a beta of 0.55.

Brambles Increases Dividend

The company also recently announced a Final dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, October 7th were issued a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a yield of 123.0%. This is an increase from Brambles’s previous Final dividend of $0.29. Brambles’s payout ratio is currently 62.65%.

About Brambles

Brambles Limited operates as a supply-chain logistics company. It operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; and CHEP Australia, New Zealand and Asia, excluding India segments. The company engages in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates, and containers.