Pepper Money Limited (ASX:PPM) Plans Dividend Increase – $0.13 Per Share

Pepper Money Limited (ASX:PPM) announced a interim dividend on Wednesday, June 4th, MarketIndexAU Dividends reports. Stockholders of record on Tuesday, July 15th will be given a dividend of 0.125 per share on Tuesday, July 15th. This represents a dividend yield of 6.72%. The ex-dividend date of this dividend is Monday, June 9th. This is a 150.0% increase from Pepper Money’s previous interim dividend of $0.05.

Pepper Money Price Performance

The company has a market cap of $646.76 million, a price-to-earnings ratio of 6.20, a PEG ratio of -1.72 and a beta of 1.18.

About Pepper Money

Pepper Money Limited operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand. It operates through three segments: Mortgages, Asset Finance, and Loan and Other Servicing. The Mortgages segment engages in the financing of residential home loans and small balance commercial real estate loans.