Insider Buying: Service Stream Limited (ASX:SSM) Insider Purchases A$118,000.00 in Stock

Service Stream Limited (ASX:SSM) insider Peter Dempsey bought 50,000 shares of the stock in a transaction on Monday, February 10th. The shares were bought at an average cost of A$2.36 ($1.67) per share, for a total transaction of A$118,000.00 ($83,687.94).

Service Stream stock opened at A$2.36 ($1.67) on Friday. The stock has a market cap of $960.46 million and a price-to-earnings ratio of 18.29. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 19.59. The company’s 50-day moving average price is A$2.66 and its two-hundred day moving average price is A$2.65. Service Stream Limited has a 52 week low of A$1.89 ($1.34) and a 52 week high of A$3.06 ($2.17).

The firm also recently disclosed a Interim dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 19th will be paid a $0.04 dividend. The ex-dividend date is Wednesday, March 4th. This represents a dividend yield of 1.6%. This is a boost from Service Stream’s previous Interim dividend of $0.04. Service Stream’s payout ratio is currently 69.77%.

About Service Stream

Service Stream Limited accesses, designs, builds, installs, and maintains networks in Australia. It operates through Fixed Communications, Network Construction, and Energy & Water segments. The Fixed Communications segment offers a range of operations and maintenance, and other works services, including customer connections and service assurance, as well as asset remediation, augmentation, and relocation to the owners of fixed-line telecommunication networks.

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