Adrad Holdings Limited (ASX:AHL) Declares Dividend Increase – $0.01 Per Share

Adrad Holdings Limited (ASX:AHL) announced a interim dividend on Wednesday, February 26th, MarketIndexAU Dividends reports. Stockholders of record on Tuesday, April 1st will be given a dividend of 0.014 per share on Tuesday, April 1st. This represents a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Adrad’s previous interim dividend of $0.01.

Adrad Stock Performance

The company has a debt-to-equity ratio of 40.38, a current ratio of 3.49 and a quick ratio of 0.43. The stock has a market capitalization of $60.98 million, a PE ratio of 10.21 and a beta of -0.46.

About Adrad

Adrad Holdings Limited engages in the design and manufacture of heat transfer solutions for industrial applications in Australia and New Zealand. It offers heat exchangers for mobile and stationery applications; and radiators and other heat exchange products for the automotive and industrial aftermarket.