Insider Selling: Service Stream Limited (ASX:SSM) Insider Sells 90,243 Shares of Stock

Service Stream Limited (ASX:SSM) insider Brett Gallagher sold 90,243 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of A$1.78 ($1.12), for a total transaction of A$160,361.81 ($100,856.48).

Service Stream Price Performance

The firm has a market cap of $973.21 million, a P/E ratio of 30.05 and a beta of 0.71. The company has a debt-to-equity ratio of 24.36, a quick ratio of 1.31 and a current ratio of 1.38.

Service Stream Increases Dividend

The business also recently declared a Interim dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, April 3rd will be issued a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a yield of 1.44%. This is a boost from Service Stream’s previous Interim dividend of $0.02. Service Stream’s payout ratio is 100.00%.

About Service Stream

Service Stream Limited designs, constructs, operates and maintains infrastructure networks in Australia. It operates through Telecommunications, Utilities, and Transport segments. The Telecommunications segment provides various operations, maintenance, installation, design, and construction services to owners of fixed-line and wireless telecommunication networks, including customer connections; service and network assurance; site acquisition; and design, construction, engineering, and installation of broadband, wireless, and fixed-line project services, as well as projects for asset remediation, augmentation, and relocation.