Stephen Young Acquires 120,000 Shares of Tasmea (ASX:TEA) Stock

Tasmea Limited (ASX:TEAGet Free Report) insider Stephen Young acquired 120,000 shares of Tasmea stock in a transaction on Thursday, February 26th. The shares were bought at an average price of A$3.51 per share, for a total transaction of A$421,560.00.

Tasmea Stock Performance

The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 21.86 and a beta of 1.11.

Tasmea Announces Dividend

The company also recently disclosed a Interim dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, March 10th. This represents a yield of 155.0%. Tasmea’s dividend payout ratio is presently 153.33%.

About Tasmea

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Tasmea Limited provides shutdown, maintenance, emergency breakdown, and capital upgrade services in Australia. It operates through four segments: Electrical, Mechanical, Civil, and Water & Fluid. The Electrical segment provides electrical shutdown, preventative, programmed and reactive maintenance, emergency breakdown repair, fault finding, and statutory compliance services, as well as electrical upgrades for brownfield and greenfield projects, and high-voltage testing and commissioning services.

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