Peet Limited to Issue Final Dividend of $0.03 (ASX:PPC)

Peet Limited (ASX:PPC) declared a final dividend on Friday, September 13th, MarketIndexAU reports. Stockholders of record on Monday, October 7th will be paid a dividend of 0.03 per share on Monday, October 7th. This represents a dividend yield of 2.54%. The ex-dividend date is Wednesday, September 18th.

Shares of ASX:PPC remained flat at $A$1.18 ($0.84) on Friday. The stock had a trading volume of 60,786 shares, compared to its average volume of 108,433. The company has a debt-to-equity ratio of 45.91, a current ratio of 1.78 and a quick ratio of 0.57. Peet has a 52-week low of A$0.95 ($0.67) and a 52-week high of A$1.25 ($0.88). The stock has a market capitalization of $570.29 million and a PE ratio of 12.04. The business has a 50 day simple moving average of A$1.15 and a 200-day simple moving average of A$1.07.

About Peet

Peet Limited acquires, develops, and markets residential land in Australia. The company operates through Funds Management, Company-Owned Projects, and Joint Arrangements segments. The Funds Management segment provides underwriting, capital raising, and asset identification services. The Company-Owned Projects segment acquires parcels of land for residential development purpose, as well as produces non-residential blocks of land.

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