Wesfarmers Limited (ASX:WES) Declares Dividend Increase – $0.95 Per Share

Wesfarmers Limited (ASX:WES) declared a interim dividend on Friday, February 21st, MarketIndexAU Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.95 per share on Monday, March 31st. This represents a yield of 1.25%. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Wesfarmers’s previous interim dividend of $0.91.

Wesfarmers Stock Performance

The company has a quick ratio of 0.32, a current ratio of 1.14 and a debt-to-equity ratio of 131.37. The company has a market capitalization of $88.65 billion, a PE ratio of 34.67, a PEG ratio of 4.51 and a beta of 0.83.

Insiders Place Their Bets

In other Wesfarmers news, insider Michael Chaney sold 37,347 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of A$75.53 ($48.42), for a total transaction of A$2,820,818.91 ($1,808,217.25). Company insiders own 0.43% of the company’s stock.

Wesfarmers Company Profile

Wesfarmers Limited engages in the retail business in Australia, New Zealand, and internationally. The company is involved in the retail sale of building materials, home and garden improvement, lifestyle, and outdoor living products; apparel and general merchandise, including toys, leisure, entertainment, home, and consumables; and office products and solutions, such as stationery, technology, furniture, art supplies, and learning and development resources, as well as print and create, and technical support services through its Officeworks stores.