Mader Group Limited (ASX:MAD) Raises Dividend to $0.04 Per Share

Mader Group Limited (ASX:MAD) declared a final dividend on Monday, September 16th, MarketIndexAU reports. Investors of record on Thursday, October 3rd will be given a dividend of 0.04 per share on Thursday, October 3rd. This represents a yield of 0.76%. The ex-dividend date is Wednesday, September 18th. This is a positive change from Mader Group’s previous final dividend of $0.03.

Mader Group Stock Performance

The company has a current ratio of 1.69, a quick ratio of 1.40 and a debt-to-equity ratio of 43.48.

Insider Buying and Selling

In other Mader Group news, insider Justin Nuich bought 5,650 shares of Mader Group stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of A$5.31 ($3.54) per share, with a total value of A$30,012.80 ($20,008.53). In related news, insider Luke Mader sold 10,000,000 shares of the stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of A$6.15 ($4.10), for a total transaction of A$61,500,000.00 ($41,000,000.00). Also, insider Justin Nuich bought 5,650 shares of the stock in a transaction dated Thursday, August 22nd. The stock was bought at an average cost of A$5.31 ($3.54) per share, for a total transaction of A$30,012.80 ($20,008.53). 74.64% of the stock is owned by company insiders.

Mader Group Company Profile

Mader Group Limited, a contracting company, provides specialist technical services in the mining, energy, and industrial sectors in Australia and internationally. It offers fabrication and line boring, electrical services, mechanical maintenance, and component exchange; infrastructure maintenance, rail services, power generation and marine, road transport maintenance, maintenance project, specialised tool hire, clean team, maintenance centre, and training and mentoring services.