Meridian Energy Ltd (ASX:MEZ) traded up 0.4% during mid-day trading on Monday . The stock traded as high as A$5.03 ($3.57) and last traded at A$5.02 ($3.56), 16,441 shares changed hands during mid-day trading. The stock had previously closed at A$5.00 ($3.55).
The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 27.52. The stock has a market capitalization of $12.69 billion and a price-to-earnings ratio of 91.67. The company’s 50-day simple moving average is A$4.71 and its 200-day simple moving average is A$4.25.
The firm also recently declared a Final dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 16th will be issued a $0.119 dividend. This represents a yield of 2.46%. The ex-dividend date is Friday, September 27th. Meridian Energy’s dividend payout ratio is presently 351.85%.
Meridian Energy Limited engages in the generation, trading, and retail of electricity. It generates electricity through seven hydro power stations and five wind farms in New Zealand; three hydro power stations and two wind farms in Australia; and a solar farm in Tongatapu, Tonga. The company sells its electricity to residential, business, and industrial customers under the Meridian and Powershop brand names.
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