Platinum Investment Management Limited (ASX:PTM) Announces Dividend Increase – $0.20 Per Share

Platinum Investment Management Limited (ASX:PTM) declared a interim dividend on Tuesday, December 10th,MarketIndexAU Dividends reports. Stockholders of record on Monday, December 30th will be paid a dividend of 0.20 per share on Monday, December 30th. This represents a dividend yield of 22.86%. The ex-dividend date is Wednesday, December 11th. This is a boost from Platinum Investment Management’s previous interim dividend of $0.06.

Platinum Investment Management Stock Performance

The company has a debt-to-equity ratio of 3.90, a quick ratio of 12.66 and a current ratio of 16.43.

About Platinum Investment Management

Platinum Investment Management Limited is a publicly owned hedge fund sponsor. It primarily provides its services to pooled investment vehicles, pension and profit sharing plans, corporations. The firm is a large advisory firm which provides portfolio management for pooled investment vehicles, portfolio management for businesses or institutional clients.