Meridian Energy Ltd (ASX:MEZ) shares were up 0.4% during mid-day trading on Monday . The company traded as high as A$5.03 ($3.57) and last traded at A$5.02 ($3.56), approximately 16,441 shares traded hands during mid-day trading. The stock had previously closed at A$5.00 ($3.55).
The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 27.52. The stock has a fifty day moving average price of A$4.70 and a 200-day moving average price of A$4.23. The firm has a market capitalization of $12.87 billion and a price-to-earnings ratio of 92.96.
The firm also recently declared a Final dividend, which will be paid on Wednesday, October 16th. Investors of record on Wednesday, October 16th will be issued a dividend of $0.119 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a yield of 2.46%. Meridian Energy’s dividend payout ratio is 351.85%.
Meridian Energy Limited engages in the generation, trading, and retail of electricity. It generates electricity through seven hydro power stations and five wind farms in New Zealand; three hydro power stations and two wind farms in Australia; and a solar farm in Tongatapu, Tonga. The company sells its electricity to residential, business, and industrial customers under the Meridian and Powershop brand names.
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