Mineral Resources Limited (ASX:MIN – Get Rating) insider Kelvin Flynn sold 5,231 shares of Mineral Resources stock in a transaction dated Monday, May 1st. The shares were sold at an average price of A$72.94 ($49.62), for a total value of A$381,522.99 ($259,539.45).
Mineral Resources Stock Performance
The company has a debt-to-equity ratio of 88.99, a current ratio of 3.00 and a quick ratio of 3.32.
Mineral Resources Increases Dividend
The business also recently announced a Interim dividend, which was paid on Wednesday, March 29th. Investors of record on Wednesday, March 29th were given a $1.20 dividend. The ex-dividend date was Wednesday, March 8th. This represents a dividend yield of 1.37%. This is an increase from Mineral Resources’s previous Interim dividend of $1.00. Mineral Resources’s payout ratio is currently 57.89%.
About Mineral Resources
Mineral Resources Limited, together with subsidiaries, operates as a mining services company in Australia, China, Singapore, and internationally. It operates through five segments: Mining Services and Processing, Iron Ore, Lithium, Other Commodities, and Central. The company offers contract crushing, screening, and processing; specialized mine services, including materials handling, plant and equipment hire and maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services for resources sector.
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