Lovisa Holdings Limited (ASX:LOV) Plans Dividend Increase – $0.37 Per Share

Lovisa Holdings Limited (ASX:LOV) declared a final dividend on Thursday, September 12th, MarketIndexAU reports. Shareholders of record on Wednesday, October 16th will be paid a dividend of 0.37 per share on Wednesday, October 16th. This represents a yield of 1.16%. The ex-dividend date is Thursday, September 12th. This is a boost from Lovisa’s previous final dividend of $0.15.

Lovisa Stock Performance

The company has a debt-to-equity ratio of 447.23, a quick ratio of 0.40 and a current ratio of 0.93.

Insiders Place Their Bets

In other news, insider Tracey Blundy sold 500,000 shares of the business’s stock in a transaction dated Monday, September 2nd. The stock was sold at an average price of A$31.25 ($20.83), for a total value of A$15,625,000.00 ($10,416,666.67). Corporate insiders own 44.89% of the company’s stock.

About Lovisa

Lovisa Holdings Limited engages in the retail sale of fashion jewelry and accessories. It designs, develops, sources, and merchandises fashion jewelry and accessories under the Lovisa brand name. It operated its stores in Australia, New Zealand, Singapore, Malaysia, Hong Kong, Taiwan, South Africa, Botswana, Namibia, the United Arab Emirates, the United Kingdom, France, Luxembourg, Belgium, Germany, the Netherlands, Austria, Switzerland, the United States, Poland, Italy, Hungary, Romania, Canada, Mexico, Spain, South America, and the Middle East.