Service Stream Limited (ASX:SSM) Raises Dividend to $0.03 Per Share

Service Stream Limited (ASX:SSM) announced a interim dividend on Friday, February 21st, MarketIndexAU Dividends reports. Stockholders of record on Thursday, April 3rd will be paid a dividend of 0.025 per share on Thursday, April 3rd. This represents a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, March 19th. This is a positive change from Service Stream’s previous interim dividend of $0.02.

Service Stream Stock Performance

The company has a current ratio of 1.38, a quick ratio of 1.31 and a debt-to-equity ratio of 24.36. The stock has a market capitalization of $973.21 million, a P/E ratio of 30.05 and a beta of 0.71.

Insider Transactions at Service Stream

In other news, insider Leigh Mackender sold 800,000 shares of Service Stream stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of A$1.53 ($0.98), for a total transaction of A$1,224,800.00 ($780,127.39). 6.66% of the stock is owned by corporate insiders.

About Service Stream

Service Stream Limited designs, constructs, operates and maintains infrastructure networks in Australia. It operates through Telecommunications, Utilities, and Transport segments. The Telecommunications segment provides various operations, maintenance, installation, design, and construction services to owners of fixed-line and wireless telecommunication networks, including customer connections; service and network assurance; site acquisition; and design, construction, engineering, and installation of broadband, wireless, and fixed-line project services, as well as projects for asset remediation, augmentation, and relocation.