Southern Cross Electrical Engineering Limited (ASX:SXE) Insider Simon Buchhorn Purchases 22,334 Shares

Southern Cross Electrical Engineering Limited (ASX:SXE) insider Simon Buchhorn bought 22,334 shares of the stock in a transaction on Wednesday, October 9th. The shares were bought at an average price of A$1.81 ($1.22) per share, for a total transaction of A$40,379.87 ($27,283.70).

Southern Cross Electrical Engineering Stock Performance

The company has a current ratio of 1.38, a quick ratio of 1.45 and a debt-to-equity ratio of 4.24.

Southern Cross Electrical Engineering Increases Dividend

The business also recently announced a Final dividend, which was paid on Tuesday, October 8th. Shareholders of record on Tuesday, October 8th were given a $0.05 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend was Monday, September 23rd. This is an increase from Southern Cross Electrical Engineering’s previous Final dividend of $0.04. Southern Cross Electrical Engineering’s payout ratio is 75.00%.

About Southern Cross Electrical Engineering

Southern Cross Electrical Engineering Limited provides electrical, instrumentation, communication, and maintenance services in Australia. It offers electrical and instrumentation (E&I) construction services, which include installation and commissioning of greenfield and brownfield upgrade projects in metropolitan, remote, and challenging environments.