Insider Buying: Telstra Co. Ltd (ASX:TLS) Insider Purchases 27,000 Shares of Stock

Telstra Co. Ltd (ASX:TLS) insider Roy Chestnutt acquired 27,000 shares of Telstra stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of A$3.59 ($2.55) per share, with a total value of A$97,038.00 ($68,821.28).

Shares of TLS traded up A$0.02 ($0.01) during mid-day trading on Friday, hitting A$3.61 ($2.56). The company’s stock had a trading volume of 25,435,549 shares, compared to its average volume of 28,990,000. Telstra Co. Ltd has a one year low of A$2.71 ($1.92) and a one year high of A$4.01 ($2.84). The company has a debt-to-equity ratio of 121.08, a quick ratio of 0.63 and a current ratio of 0.76. The firm has a market capitalization of $42.93 billion and a PE ratio of 19.94. The stock’s 50-day moving average is A$3.83 and its two-hundred day moving average is A$3.55.

The firm also recently disclosed a Final dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 26th will be given a $0.08 dividend. The ex-dividend date is Wednesday, August 28th. This represents a dividend yield of 2.12%. Telstra’s dividend payout ratio is 55.25%.

About Telstra

Telstra Corporation Limited, together with its subsidiaries, provides telecommunications and information services to businesses, governments, communities, and individuals in Australia and internationally. It operates in four segments: Telstra Consumer and Small Business, Telstra Enterprise, Telstra Operations, and Telstra Wholesale.

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Insider Buying and Selling by Quarter for Telstra (ASX:TLS)

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