Karl Paganin Acquires 27,304 Shares of Southern Cross Electrical Engineering Limited (ASX:SXE) Stock

Southern Cross Electrical Engineering Limited (ASX:SXE) insider Karl Paganin acquired 27,304 shares of the business’s stock in a transaction dated Wednesday, April 9th. The shares were bought at an average price of A$1.72 ($1.06) per share, with a total value of A$47,044.79 ($29,040.00).

Southern Cross Electrical Engineering Stock Performance

The stock has a market capitalization of $403.01 million, a PE ratio of 18.32, a price-to-earnings-growth ratio of -1.14 and a beta of 0.57. The company has a quick ratio of 1.45, a current ratio of 1.38 and a debt-to-equity ratio of 4.24.

Southern Cross Electrical Engineering Increases Dividend

The company also recently announced a Interim dividend, which was paid on Tuesday, April 8th. Shareholders of record on Tuesday, April 8th were issued a $0.025 dividend. This represents a dividend yield of 1.35%. This is a boost from Southern Cross Electrical Engineering’s previous Interim dividend of $0.01. The ex-dividend date was Monday, March 24th. Southern Cross Electrical Engineering’s dividend payout ratio (DPR) is presently 75.00%.

Southern Cross Electrical Engineering Company Profile

Southern Cross Electrical Engineering Limited provides electrical, instrumentation, communication, and maintenance services in Australia. It offers electrical and instrumentation (E&I) construction services, which include installation and commissioning of greenfield and brownfield upgrade projects in metropolitan, remote, and challenging environments.