Service Stream Limited (ASX:SSM) Insider Leigh Mackender Acquires 794,792 Shares of Stock

Service Stream Limited (ASX:SSM) insider Leigh Mackender purchased 794,792 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of A$1.41 ($0.95) per share, for a total transaction of A$1,116,682.76 ($754,515.38).

Service Stream Price Performance

The company has a current ratio of 1.38, a quick ratio of 1.31 and a debt-to-equity ratio of 24.36.

Service Stream Increases Dividend

The firm also recently disclosed a Final dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, October 3rd will be given a $0.025 dividend. The ex-dividend date is Tuesday, September 17th. This is a positive change from Service Stream’s previous Final dividend of $0.01. This represents a dividend yield of 1.71%. Service Stream’s dividend payout ratio (DPR) 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.