Peet Limited (ASX:PPC) Increases Dividend to $0.03 Per Share

Peet Limited (ASX:PPC) announced 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 of this dividend is Tuesday, March 18th. This is a positive change from Peet’s previous interim dividend of $0.02.

Peet Stock Performance

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

Peet Company Profile

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.