ERM Power Ltd (ASX:EPW) to Issue Interim Dividend of $0.09

ERM Power Ltd (ASX:EPW) declared a interim dividend on Monday, November 11th, MarketIndexAU reports. Stockholders of record on Monday, November 25th will be paid a dividend of 0.085 per share on Monday, November 25th. This represents a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from ERM Power’s previous interim dividend of $0.08.

Shares of EPW stock remained flat at $A$2.41 ($1.71) during trading hours on Tuesday. The stock had a trading volume of 1,180,341 shares, compared to its average volume of 433,115. The business’s fifty day moving average price is A$2.41 and its 200 day moving average price is A$2.02. ERM Power has a twelve month low of A$1.44 ($1.02) and a twelve month high of A$2.50 ($1.77). The company has a current ratio of 1.34, a quick ratio of 0.89 and a debt-to-equity ratio of 53.43. The company has a market capitalization of $603.20 million and a price-to-earnings ratio of 5.01.

In other ERM Power news, insider Jon Stretch 281,612 shares of the company’s stock in a transaction dated Monday, September 9th.

About ERM Power

ERM Power Limited, a diversified energy company, engages in the generation and sale of electricity in Australia and the United States. It operates through Business Energy Australia, Generation Assets, and Other segments. The company operates 662 megawatts of low emission gas-fired power stations in Western Australia and Queensland.

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