Grant Blackley Purchases 379,412 Shares of Southern Cross Media Group Ltd (ASX:SXL) Stock

Southern Cross Media Group Ltd (ASX:SXL) insider Grant Blackley bought 379,412 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of A$1.23 ($0.87) per share, for a total transaction of A$467,056.17 ($331,245.51).

The firm has a market capitalization of $953.58 million and a P/E ratio of -10.17. Southern Cross Media Group Ltd has a 52 week low of A$0.96 ($0.68) and a 52 week high of A$1.43 ($1.01). The stock has a 50 day moving average price of A$1.26 and a 200-day moving average price of A$1.22. The company has a quick ratio of 1.79, a current ratio of 2.06 and a debt-to-equity ratio of 76.21.

The company also recently disclosed a Final dividend, which will be paid on Tuesday, October 8th. Investors of record on Tuesday, October 8th will be issued a $0.04 dividend. This represents a yield of 3.35%. The ex-dividend date of this dividend is Friday, September 6th. Southern Cross Media Group’s dividend payout ratio is currently -67.23%.

Southern Cross Media Group Company Profile

Southern Cross Media Group Limited, together with its subsidiaries, engages in the creation and broadcasting of content on free-to-air commercial radio, television (TV), and online media platforms. The company operates through two segments, Regional and Metro. The company owns 78 radio stations and 6 digital radio stations across metropolitan and regional Australia, as well as 34 regional radio stations; and broadcasts 86 free to air TV signals in regional Australia primarily under the Nine Network brand.

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