Platinum Asset Management Ltd to Issue Final Dividend of $0.14 (ASX:PTM)

Platinum Asset Management Ltd (ASX:PTM) declared a final dividend on Thursday, August 22nd, MarketIndexAU reports. Shareholders of record on Friday, September 20th will be given a dividend of 0.14 per share on Friday, September 20th. This represents a yield of 3.49%. The ex-dividend date of this dividend is Tuesday, August 27th.

Platinum Asset Management has a 52 week low of A$4.09 ($2.90) and a 52 week high of A$5.86 ($4.16). The company has a market cap of $2.36 billion and a P/E ratio of 15.40. The business has a fifty day simple moving average of A$4.64 and a 200 day simple moving average of A$4.82.

In other news, insider Timothy (Tim) Trumper bought 18,900 shares of the stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average cost of A$4.76 ($3.37) per share, for a total transaction of A$89,907.30 ($63,764.04).

About Platinum Asset Management

Platinum Asset Management is a publicly owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It also caters to pension and profit sharing plans and corporations. The firm launches and manages equity mutual funds for its clients. It also launches and manages hedge funds for its clients.

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