Korvest Ltd (ASX:KOV) to Issue Dividend Increase – $0.50 Per Share

Korvest Ltd (ASX:KOV) declared a final dividend on Monday, July 28th, MarketIndexAU Dividends reports. Shareholders of record on Thursday, September 4th will be paid a dividend of 0.50 per share on Thursday, September 4th. This represents a yield of 4.05%. The ex-dividend date of this dividend is Wednesday, August 13th. This is a 25.0% increase from Korvest’s previous final dividend of $0.40.

Korvest Stock Performance

The company has a debt-to-equity ratio of 17.74, a quick ratio of 1.41 and a current ratio of 3.09. The firm has a market capitalization of $119.86 million, a PE ratio of 10.80, a PEG ratio of 0.81 and a beta of 0.64.

About Korvest

Korvest Ltd, together with its subsidiaries, engages in the hot dip galvanizing and sheet metal fabrication businesses in Australia. It operates through two segments, Industrial Products and Production. The Industrial Products segment manufactures electrical and cable support systems, which include channel, cable trays, cable ladders, cable mesh and ducts, and general and heavy duty pipe clamps and hangers, as well as specialist pipe supports products, other fittings, fasteners, and clamping components under the EzyStrut name.