Hotel Property Investments Ltd (ASX:HPI) declared a final dividend on Thursday, June 20th, MarketIndexAU reports. Shareholders of record on Friday, September 6th will be paid a dividend of 0.101 per share on Friday, September 6th. This represents a yield of 2.97%. The ex-dividend date is Thursday, June 27th.
ASX:HPI traded up A$0.12 ($0.09) during mid-day trading on Tuesday, reaching A$3.65 ($2.59). The company’s stock had a trading volume of 244,126 shares, compared to its average volume of 150,021. The firm’s fifty day simple moving average is A$3.44. The company has a current ratio of 0.24, a quick ratio of 0.11 and a debt-to-equity ratio of 63.93. Hotel Property Investments has a 12-month low of A$3.01 ($2.13) and a 12-month high of A$3.58 ($2.54). The stock has a market capitalization of $532.69 million and a PE ratio of 10.22.
About Hotel Property Investments
HPI owns a Portfolio of freehold pubs and associated specialty tenancies located throughout Queensland and South Australia. The pubs are leased to the Coles group ("Coles") and to Australian Leisure & Hospitality ("ALH"), a joint venture 75% owned by the Woolworths group. HPI's objective is to maximise the long term income and capital returns from its investments for the benefit of its Securityholders.
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