Qualitas Limited (ASX:QAL) Declares Dividend Increase – $0.03 Per Share

Qualitas Limited (ASX:QAL) announced a interim dividend on Wednesday, February 26th, MarketIndexAU Dividends reports. Stockholders of record on Thursday, March 27th will be paid a dividend of 0.025 per share on Thursday, March 27th. This represents a dividend yield of 0.94%. The ex-dividend date is Monday, March 10th. This is a boost from Qualitas’s previous interim dividend of $0.02.

Qualitas Price Performance

The company has a current ratio of 0.78, a quick ratio of 10.67 and a debt-to-equity ratio of 80.46. The firm has a market capitalization of $764.09 million, a price-to-earnings ratio of 29.01 and a beta of 0.18.

About Qualitas

Qualitas is a real estate investment firm which focuses on direct investment in all real estate classes and geographies, acquisitions and restructuring of distressed debt, third party capital raisings and consulting services. It seeks to provide bridge loans in the major markets of the Australian east coast, and particularly the medium and high density residential development sector.