Timothy (Tim) Longstaff Purchases 47,250 Shares of Nine Entertainment (ASX:NEC) Stock

Nine Entertainment Co. Holdings Limited (ASX:NEC) insider Timothy (Tim) Longstaff bought 47,250 shares of Nine Entertainment stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average price of A$1.07 per share, with a total value of A$50,321.25.

Nine Entertainment Stock Performance

The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of -214.80 and a beta of 1.07. The company has a debt-to-equity ratio of 67.98, a current ratio of 1.03 and a quick ratio of 0.62.

Nine Entertainment Dividend Announcement

The business also recently declared a Interim dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 22nd will be issued a dividend of $0.045 per share. This represents a dividend yield of 423.0%. The ex-dividend date is Sunday, March 8th. Nine Entertainment’s dividend payout ratio (DPR) is currently 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.