Ridley Co. Limited (ASX:RIC) Plans Dividend Increase – $0.05 Per Share

Ridley Co. Limited (ASX:RIC) announced a final dividend on Tuesday, October 1st, MarketIndexAU reports. Investors of record on Wednesday, October 23rd will be given a dividend of 0.047 per share on Wednesday, October 23rd. This represents a dividend yield of 1.82%. The ex-dividend date is Sunday, October 6th. This is a positive change from Ridley’s previous final dividend of $0.04.

Ridley Price Performance

The company has a quick ratio of 0.66, a current ratio of 1.12 and a debt-to-equity ratio of 50.54.

Ridley Company Profile

Ridley Corporation Limited, together with its subsidiaries, provides animal nutrition solutions in Australia. It operates through two segments, Packaged Feeds and Ingredients, and Bulk Stockfeeds. The company provides feeds for horses, chicken and poultry dairy cattle, beef cattle, sheep, goats, alpacas, llamas, kangaroos and wallabies, guinea pigs, rats, and mice; monogastric and ruminant commercial feeds; aquafeed for salmon, prawns, barramundi, yellowtail kingfish, and trout, as well as mulloway, silver perch, and other native species; and rendered poultry, red meat, and fish products.