Platinum Asset Management Ltd (ASX:PTM) declared a final dividend on Thursday, August 22nd, MarketIndexAU reports. Shareholders of record on Friday, September 20th will be paid a dividend of 0.14 per share on Friday, September 20th. This represents a yield of 3.49%. The ex-dividend date of this dividend is Tuesday, August 27th.
Platinum Asset Management has a 52-week low of A$4.09 ($2.90) and a 52-week high of A$5.86 ($4.16). The stock has a fifty day simple moving average of A$4.64 and a 200-day simple moving average of A$4.82. The stock has a market cap of $2.36 billion and a price-to-earnings ratio of 15.40.
In other Platinum Asset Management news, insider Timothy (Tim) Trumper bought 18,900 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of A$4.76 ($3.37) per share, with a total value of A$89,907.30 ($63,764.04).
Platinum Asset Management is a publicly owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It also caters to pension and profit sharing plans and corporations. The firm launches and manages equity mutual funds for its clients. It also launches and manages hedge funds for its clients.
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