Brambles Limited (ASX:BXB) Declares Dividend Increase – $0.30 Per Share

Brambles Limited (ASX:BXB) announced a interim dividend on Friday, February 21st, MarketIndexAU Dividends reports. Investors of record on Wednesday, April 9th will be paid a dividend of 0.303 per share on Wednesday, April 9th. This represents a yield of 1.53%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a 31.2% increase from Brambles’s previous interim dividend of $0.23.

Brambles Stock Performance

The company has a debt-to-equity ratio of 81.84, a current ratio of 0.61 and a quick ratio of 0.52. The firm has a market capitalization of $16.85 billion, a PE ratio of 21.92, a P/E/G ratio of 0.83 and a beta of 0.55.

Insider Buying and Selling at Brambles

In related news, insider Priya Rajagopalan purchased 2,943 shares of the stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of A$26.50 ($16.67) per share, for a total transaction of A$77,989.50 ($49,050.00). Insiders bought a total of 2,987 shares of company stock worth $78,883 over the last three months. Corporate insiders own 0.55% of the company’s stock.

About Brambles

Brambles Limited operates as a supply-chain logistics company. It operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; and CHEP Australia, New Zealand and Asia, excluding India segments. The company engages in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates, and containers.