Insider Buying: BSP Financial Group Limited (ASX:BFL) Insider Acquires 1,500 Shares of Stock

BSP Financial Group Limited (ASX:BFL) insider Mark Robinson bought 1,500 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of A$7.19 ($4.55) per share, for a total transaction of A$10,785.00 ($6,825.95).

BSP Financial Group Price Performance

The company has a market cap of $8.37 billion, a P/E ratio of 10.88 and a beta of 0.01.

BSP Financial Group Increases Dividend

The company also recently announced a Final dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 20th will be paid a $0.401 dividend. This represents a yield of 5.27%. The ex-dividend date is Sunday, February 23rd. This is a boost from BSP Financial Group’s previous Final dividend of $0.36. BSP Financial Group’s dividend payout ratio is currently 74.67%.

About BSP Financial Group

BSP Financial Group Limited provides commercial banking and finance services to individual and corporate customers in Papua New Guinea, the Solomon Islands, Fiji, the Cook Islands, Samoa, Tonga, Vanuatu, Cambodia, and Laos. The company's products and services include transaction, saving, solicitor's trust, foreign currency, and business cheque accounts, as well as term deposits; personal, home, personal asset, student, bridging, tailored business, commercial and residential property investment, construction development, and seasonal finance loans; debit and credit cards; SME business loans; overdraft, asset financing, insurance premium funding, prioritized loan processing, safety deposit box, and electronic and mobile banking services; and online business banking services.