Service Stream Limited (ASX:SSM) to Issue Dividend Increase – $0.03 Per Share

Service Stream Limited (ASX:SSM) declared a interim dividend on Friday, February 21st, MarketIndexAU Dividends reports. Shareholders of record on Thursday, April 3rd will be given a dividend of 0.025 per share on Thursday, April 3rd. This represents a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, March 19th. This is a boost from Service Stream’s previous interim dividend of $0.02.

Service Stream Price Performance

The company has a debt-to-equity ratio of 24.36, a current ratio of 1.38 and a quick ratio of 1.31. The company has a market capitalization of $973.21 million, a price-to-earnings ratio of 30.05 and a beta of 0.71.

Insiders Place Their Bets

In other news, insider Leigh Mackender sold 800,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of A$1.53 ($0.98), for a total transaction of A$1,224,800.00 ($785,128.21). 6.66% of the stock is currently owned by corporate insiders.

Service Stream Company Profile

Service Stream Limited designs, constructs, operates and maintains infrastructure networks in Australia. It operates through Telecommunications, Utilities, and Transport segments. The Telecommunications segment provides various operations, maintenance, installation, design, and construction services to owners of fixed-line and wireless telecommunication networks, including customer connections; service and network assurance; site acquisition; and design, construction, engineering, and installation of broadband, wireless, and fixed-line project services, as well as projects for asset remediation, augmentation, and relocation.