Southern Cross Electrical Engineering Limited (ASX:SXE) Insider Simon Buchhorn Buys 22,334 Shares

Southern Cross Electrical Engineering Limited (ASX:SXE) insider Simon Buchhorn acquired 22,334 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was acquired at an average cost of A$1.81 ($1.22) per share, for a total transaction of A$40,379.87 ($27,283.70).

Southern Cross Electrical Engineering Price Performance

The company has a debt-to-equity ratio of 4.24, a current ratio of 1.38 and a quick ratio of 1.45.

Southern Cross Electrical Engineering Increases Dividend

The business also recently announced a Final dividend, which was paid on Tuesday, October 8th. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, September 23rd. This is a positive change from Southern Cross Electrical Engineering’s previous Final dividend of $0.04. This represents a yield of 2.6%. Southern Cross Electrical Engineering’s payout ratio is currently 75.00%.

About Southern Cross Electrical Engineering

Southern Cross Electrical Engineering Limited provides electrical, instrumentation, communication, and maintenance services in Australia. It offers electrical and instrumentation (E&I) construction services, which include installation and commissioning of greenfield and brownfield upgrade projects in metropolitan, remote, and challenging environments.