Macmahon Holdings Limited (ASX:MAH – Get Free Report) insider Michael Finnegan purchased 2,716,981 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were bought at an average cost of A$0.36 ($0.24) per share, for a total transaction of A$964,528.26 ($660,635.79).
Macmahon Stock Performance
The company has a debt-to-equity ratio of 53.85, a current ratio of 1.25 and a quick ratio of 1.04.
Macmahon Increases Dividend
The business also recently announced a Final dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.006 per share. The ex-dividend date is Wednesday, September 18th. This is a positive change from Macmahon’s previous Final dividend of $0.01. This represents a yield of 1.76%. Macmahon’s payout ratio is currently 50.00%.
Macmahon Company Profile
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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