Tower Limited (TWR) to Issue Interim Dividend of $0.07 on June 25th

Tower Limited (ASX:TWR) declared a interim dividend on Wednesday, May 21st, MarketIndexAU Dividends reports. Stockholders of record on Wednesday, June 25th will be given a dividend of 0.074 per share on Wednesday, June 25th. This represents a dividend yield of 5.27%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a 208.3% increase from Tower’s previous interim dividend of $0.02.

Tower Stock Performance

The stock has a market capitalization of $549.30 million, a P/E ratio of 15.30 and a beta of 0.34.

Tower Company Profile

Tower Limited provides general insurance products in New Zealand and the Pacific Islands. Its insurance products include car, house, contents, contract works and renovation cover, landlord, boat, business, travel, pet, renters, house and contents bundle, electric vehicle, motorbike and motorcycle, lifestyle block, caravan or trailer, motorhome, campervan and RV, and multi-policy discount insurance.