Red Hill Iron Limited (ASX:RHI) to Issue $1.20 Interim Dividend

Red Hill Iron Limited (ASX:RHI) declared a interim dividend on Tuesday, October 19th, MarketIndexAU reports. Stockholders of record on Tuesday, November 9th will be paid a dividend of 1.20 per share on Tuesday, November 9th. This represents a dividend yield of 24%. The ex-dividend date of this dividend is Wednesday, October 27th.

The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.85.

In related news, insider Joshua Pitt acquired 18,198 shares of the firm’s stock in a transaction dated Friday, September 17th. The stock was acquired at an average price of A$4.01 ($2.86) per share, with a total value of A$72,973.98 ($52,124.27). Also, insider Garry Strong acquired 500,000 shares of the firm’s stock in a transaction dated Thursday, October 14th. The stock was bought at an average cost of A$1.00 ($0.71) per share, with a total value of A$500,000.00 ($357,142.86). Over the last 90 days, insiders have purchased 741,566 shares of company stock worth $1,474,582.

Red Hill Iron Company Profile

Red Hill Iron Limited engages in the exploration of iron ore, gold, and base metals in Western Australia. Its primary assets are the 40% owned Red Hill Iron Ore Joint Venture interest; 100% owned Pannawonica channel iron project; and rock quarrying opportunities in the Western Pilbara region. The company was founded in 2005 and is based in West Perth, Australia.

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