Brambles Limited (ASX:BXB) Raises Dividend to $0.17 Per Share

Brambles Limited (ASX:BXB) declared a interim dividend on Friday, September 13th, MarketIndexAU reports. Stockholders of record on Tuesday, October 22nd will be paid a dividend of 0.17 per share on Tuesday, October 22nd. This represents a dividend yield of 1.51%. The ex-dividend date is Monday, October 14th. This is a boost from Brambles’s previous interim dividend of $0.15.

Shares of BXB traded up A$0.11 ($0.08) during trading hours on Friday, reaching A$11.28 ($8.00). 4,191,416 shares of the company’s stock traded hands, compared to its average volume of 3,820,000. The firm has a market capitalization of $17.92 billion and a price-to-earnings ratio of 12.29. The company has a debt-to-equity ratio of 57.78, a current ratio of 1.60 and a quick ratio of 1.54. Brambles has a twelve month low of A$9.82 ($6.96) and a twelve month high of A$13.47 ($9.55). The business’s fifty day simple moving average is A$12.60 and its two-hundred day simple moving average is A$12.23.

In related news, insider Graham Chipchase 168,432 shares of Brambles stock in a transaction on Monday, September 2nd.

Brambles Company Profile

Brambles Limited provides supply-chain logistics solutions based on the provision of reusable pallets, crates, and containers for shared use by various participants in the supply chain. The company operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; CHEP Australia, New Zealand and Asia, excluding India; and IFCO segments.

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