Peet Limited (ASX:PPC) Announces Dividend Increase – $0.03 Per Share

Peet Limited (ASX:PPC) declared a interim dividend on Friday, February 21st, MarketIndexAU Dividends reports. Stockholders of record on Thursday, April 10th will be given a dividend of 0.028 per share on Thursday, April 10th. This represents a dividend yield of 1.83%. The ex-dividend date is Tuesday, March 18th. This is an increase from Peet’s previous interim dividend of $0.02.

Peet Price Performance

The company has a debt-to-equity ratio of 60.98, a current ratio of 2.65 and a quick ratio of 0.68. The stock has a market capitalization of $683.68 million, a P/E ratio of 1.39 and a beta of 0.60.

About Peet

Peet Limited acquires, develops, and markets residential land in Australia. It operates through Funds Management, Company-Owned Projects, and Joint Arrangements segments. The company provides underwriting, capital raising, and asset identification services; acquires parcels of land primarily for residential development purpose; produces non-residential blocks of land; and undertakes the development of land through joint arrangements with government, statutory authorities, and private landowners.