Ridley Co. Limited (ASX:RIC) Increases Dividend to $0.05 Per Share

Ridley Co. Limited (ASX:RIC) announced a final dividend on Friday, August 22nd, MarketIndexAU Dividends reports. Investors of record on Wednesday, October 22nd will be given a dividend of 0.05 per share on Wednesday, October 22nd. This represents a dividend yield of 164.0%. The ex-dividend date is Sunday, October 5th. This is a 6.4% increase from Ridley’s previous final dividend of $0.05.

Ridley Stock Performance

The company has a quick ratio of 0.66, a current ratio of 1.12 and a debt-to-equity ratio of 30.42. The firm has a market capitalization of $893.81 million, a P/E ratio of 22.43, a PEG ratio of 1.98 and a beta of 0.48.

About Ridley

Ridley Corporation Limited, together with its subsidiaries, provides animal nutrition solutions in Australia. It operates through two segments, Packaged Feeds and Ingredients, and Bulk Stockfeeds. The company provides feeds for horses, chicken and poultry dairy cattle, beef cattle, sheep, goats, alpacas, llamas, kangaroos and wallabies, guinea pigs, rats, and mice; monogastric and ruminant commercial feeds; aquafeed for salmon, prawns, barramundi, yellowtail kingfish, and trout, as well as mulloway, silver perch, and other native species; and rendered poultry, red meat, and fish products.