Mader Group Limited (ASX:MAD) to Issue Final Dividend of $0.04

Mader Group Limited (ASX:MAD) declared a final dividend on Monday, September 16th, MarketIndexAU reports. Shareholders 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 of this dividend is Wednesday, September 18th. This is a boost from Mader Group’s previous final dividend of $0.03.

Mader Group Stock Performance

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

Insider Activity

In other news, insider Justin Nuich purchased 750,000 shares of Mader Group stock in a transaction dated Thursday, August 29th. The stock was acquired at an average cost of A$5.04 ($3.36) per share, for a total transaction of A$3,780,000.00 ($2,520,000.00). In other news, insider Luke Mader sold 10,000,000 shares of the company’s stock in a transaction that occurred on 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 acquired 750,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was bought at an average price of A$5.04 ($3.36) per share, for a total transaction of A$3,780,000.00 ($2,520,000.00). 74.64% of the stock is currently owned by corporate 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.