Turners Automotive Group Limited (ASX:TRA) Raises Dividend to $0.07 Per Share

Turners Automotive Group Limited (ASX:TRA) announced a interim dividend on Thursday, January 1st, MarketIndexAU Dividends reports. Stockholders of record on Wednesday, January 28th will be given a dividend of 0.07 per share on Wednesday, January 28th. This represents a dividend yield of 98.0%. The ex-dividend date is Thursday, January 8th. This is a 12.9% increase from Turners Automotive Group’s previous interim dividend of $0.06.

Turners Automotive Group Stock Performance

The company has a debt-to-equity ratio of 161.83, a quick ratio of 12.00 and a current ratio of 1.15. The company has a market cap of $480.71 million, a PE ratio of 28.70 and a beta of 0.75.

Turners Automotive Group Company Profile

Turners Automotive Group Limited engages in the automotive retail business in New Zealand and Australia. It operates through Auto Retail, Finance, Credit Management, and Insurance segments. The Auto Retail segment engages in purchasing and remarketing of motor vehicles, trucks, heavy machinery, and commercial goods. The Finance segment provides asset-based finance to consumers and SME's. The Credit Management segment offers collection, credit management, and debt recovery services to the corporate and SME sectors.