Macmahon Holdings Limited (ASX:MAH – Get Free Report) insider Michael Finnegan bought 2,716,981 shares of Macmahon stock in a transaction on Thursday, September 19th. The shares were acquired at an average cost of A$0.36 ($0.24) per share, with a total value of A$964,528.26 ($660,635.79).
Macmahon Stock Performance
The company has a debt-to-equity ratio of 53.85, a quick ratio of 1.04 and a current ratio of 1.25.
Macmahon Increases Dividend
The business also recently declared a Final dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.006 per share. This represents a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, September 18th. This is a positive change from Macmahon’s previous Final dividend of $0.01. Macmahon’s payout ratio is currently 50.00%.
About Macmahon
Macmahon Holdings Limited provides surface mining, underground mining and mining support, and civil infrastructure services to mining companies in Australia and Southeast Asia. The company operates in three segments: Surface Mining, Underground Mining, and International Mining. Its surface mining services include bulk and selective mining, mine planning and analysis, drill and blast, crushing and screening, fixed plant maintenance, water management, and equipment operation and maintenance.
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