Tasmea Limited (ASX:TEA) Increases Dividend to $0.05 Per Share

Tasmea Limited (ASX:TEA) announced a interim dividend on Wednesday, February 26th, MarketIndexAU Dividends reports. Shareholders of record on Wednesday, May 14th will be paid a dividend of 0.05 per share on Wednesday, May 14th. This represents a yield of 1.75%. The ex-dividend date is Monday, April 28th. This is a positive change from Tasmea’s previous interim dividend of $0.03.

Tasmea Stock Performance

The stock has a market cap of $746.55 million and a price-to-earnings ratio of 23.56.

Tasmea Company Profile

Tasmea Limited provides shutdown, maintenance, emergency breakdown, and capital upgrade services in Australia. It operates through four segments: Electrical, Mechanical, Civil, and Water & Fluid. The Electrical segment provides electrical shutdown, preventative, programmed and reactive maintenance, emergency breakdown repair, fault finding, and statutory compliance services, as well as electrical upgrades for brownfield and greenfield projects, and high-voltage testing and commissioning services.