Mitchell Services Ltd (ASX:MSV) Announces Dividend Increase …

Mitchell Services Ltd (ASX:MSV) announced a interim dividend on Friday, February 28th, MarketIndexAU reports. Shareholders of record on Thursday, July 30th will be given a dividend of 0.011 per share on Thursday, July 30th. This represents a yield of 1.92%. The ex-dividend date of this dividend is Monday, June 29th. This is a positive change from Mitchell Services’s previous interim dividend of $0.001.

ASX MSV opened at A$0.57 ($0.41) on Friday. The company has a debt-to-equity ratio of 85.37, a current ratio of 1.32 and a quick ratio of 0.91. The firm has a market capitalization of $996.64 million and a price-to-earnings ratio of 11.92. The company’s fifty day moving average is A$0.11 and its two-hundred day moving average is A$0.07. Mitchell Services has a 52-week low of A$0.52 ($0.37) and a 52-week high of A$0.72 ($0.51).

In related news, insider Nathan Mitchell purchased 3,150,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of A$0.06 ($0.04) per share, for a total transaction of A$189,000.00 ($134,042.55).

Mitchell Services Company Profile

Mitchell Services Limited, together with its subsidiaries, provides exploration and mine site drilling services to the exploration, mining, and energy industries, primarily in Australia. It offers coal exploration, mineral exploration, mine services, large diameter, coal seam gas, directional drilling services, coal mine gas drainage, and wireline services.

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