IPD Group Limited (ASX:IPG) Plans Dividend Increase – $0.06 Per Share

IPD Group Limited (ASX:IPG) announced a interim dividend on Tuesday, February 25th, MarketIndexAU Dividends reports. Shareholders of record on Wednesday, April 9th will be paid a dividend of 0.064 per share on Wednesday, April 9th. This represents a yield of 1.46%. The ex-dividend date is Wednesday, March 26th. This is a 39.1% increase from IPD Group’s previous interim dividend of $0.05.

IPD Group Stock Performance

The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 29.66. The company has a market capitalization of $444.85 million, a P/E ratio of 20.02 and a beta of 0.87.

About IPD Group

IPD Group Limited distributes electrical infrastructure in Australia. It operates through Products Division and Services Division segments. The company offers power distribution; industrial and motor control; automation and industrial communication; power monitoring; electrical cables; manufacture and distribution of cable plugs; and hazardous area equipment under the third-party brands, such as ABB, Elsteel, Emerson, Red Lion, GE, Socomec, and DEHN.