Mitchell Services Ltd (ASX:MSV) Plans Dividend Increase – $0.01 Per Share

Mitchell Services Ltd (ASX:MSV) declared a interim dividend on Friday, February 28th, MarketIndexAU reports. Investors of record on Thursday, July 30th will be paid 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 an increase from Mitchell Services’s previous interim dividend of $0.001.

Shares of MSV stock opened at A$0.41 ($0.29) on Friday. Mitchell Services has a 1 year low of A$0.26 ($0.18) and a 1 year high of A$0.70 ($0.49). The stock has a market cap of $81.69 million and a PE ratio of 7.32. The company has a debt-to-equity ratio of 85.37, a quick ratio of 0.91 and a current ratio of 1.32. The stock has a fifty day moving average price of A$0.41 and a 200 day moving average price of A$0.19.

In related news, insider Nathan Mitchell acquired 225,000 shares of Mitchell Services stock in a transaction on Wednesday, April 22nd. The shares were bought at an average price of A$0.46 ($0.32) per share, for a total transaction of A$102,825.00 ($72,925.53).

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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