Insider Buying: Santos Limited (ASX:STO) Insider Acquires 20,000 Shares of Stock

Santos Limited (ASX:STOGet Free Report) insider Michael(Mike) Utsler bought 20,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of A$7.03 ($4.69) per share, for a total transaction of A$140,600.00 ($93,733.33).

Santos Stock Performance

The company has a debt-to-equity ratio of 41.39, a current ratio of 1.12 and a quick ratio of 1.10.

Santos Increases Dividend

The firm also recently declared a Interim dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 24th will be given a dividend of $0.193 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend is Sunday, August 25th. This is an increase from Santos’s previous Interim dividend of $0.14. Santos’s payout ratio is 79.31%.

Santos Company Profile

(Get Free Report)

Santos Limited explores for, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea. The company's assets are located in the Cooper Basin, Queensland and NSW, Papua New Guinea, Western Australia, Northern Australia and Timor-Leste. It also holds an asset in Alaska, the United States; and engages in the development of decarbonization technologies, such as carbon capture and storage technologies.

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