Corporate Travel Management Limited (ASX:CTD) Insider Jamie Pherous Sells 400,000 Shares of Stock

Corporate Travel Management Limited (ASX:CTD) insider Jamie Pherous sold 400,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of A$17.32 ($11.03), for a total transaction of A$6,928,000.00 ($4,412,738.85).

Corporate Travel Management Stock Performance

The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 0.25 and a beta of 1.63. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.34 and a quick ratio of 1.11.

Corporate Travel Management Cuts Dividend

The business also recently announced a Interim dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, April 3rd will be issued a dividend of $0.10 per share. This represents a yield of 0.58%. The ex-dividend date is Thursday, February 27th. Corporate Travel Management’s dividend payout ratio (DPR) is 50.00%.

About Corporate Travel Management

Corporate Travel Management Limited, a travel management solutions company, manages the procurement and delivery of travel services. It operates through four segments: Australia and New Zealand, North America, Asia, and Europe. The company provides corporate and event travel management, leisure travel, loyalty travel, and wholesale travel services, as well as accommodation agency services.