Service Stream Limited (ASX:SSM) Insider Brett Gallagher Sells 90,243 Shares

Service Stream Limited (ASX:SSM) insider Brett Gallagher sold 90,243 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of A$1.78 ($1.12), for a total transaction of A$160,361.81 ($100,856.48).

Service Stream Stock Performance

The company has a market cap of $973.21 million, a PE ratio of 30.05 and a beta of 0.71. The company has a quick ratio of 1.31, a current ratio of 1.38 and a debt-to-equity ratio of 24.36.

Service Stream Increases Dividend

The firm also recently declared a Interim dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, April 3rd will be issued a $0.025 dividend. This represents a yield of 1.44%. This is an increase from Service Stream’s previous Interim dividend of $0.02. The ex-dividend date is Wednesday, March 19th. Service Stream’s dividend payout ratio is presently 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.