Atlas Pearls Limited (ASX:ATP) to Issue Dividend Increase – $0.01 Per Share

Atlas Pearls Limited (ASX:ATP) announced a final dividend on Wednesday, September 11th, MarketIndexAU reports. Shareholders of record on Thursday, September 26th will be paid a dividend of 0.01 per share on Thursday, September 26th. This represents a dividend yield of 7.14%. The ex-dividend date of this dividend is Wednesday, September 11th. This is a boost from Atlas Pearls’s previous final dividend of $0.003.

Atlas Pearls Stock Performance

The company has a current ratio of 5.19, a quick ratio of 0.63 and a debt-to-equity ratio of 0.52.

Insider Activity

In other news, insider Geoffrey Newman purchased 1,276,196 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of A$0.08 ($0.05) per share, with a total value of A$95,714.70 ($63,809.80). Insiders own 43.65% of the company’s stock.

Atlas Pearls Company Profile

Atlas Pearls Limited produces and sells south sea pearls in Australia and Indonesia. It owns and operates silver and white pearl farms. The company also manufactures and sells pearl jewelry and related products. In addition, it operates online retail stores. The company was formerly known as Atlas Pearls and Perfumes Limited and changed its name to Atlas Pearls Ltd in December 2017.