Meridian Energy Ltd (ASX:MEZ) announced a final dividend on Friday, September 13th, MarketIndexAU reports. Stockholders of record on Wednesday, October 16th will be paid a dividend of 0.119 per share on Wednesday, October 16th. This represents a dividend yield of 2.46%. The ex-dividend date is Friday, September 27th.

Shares of MEZ stock traded up A$0.06 ($0.04) on Friday, reaching A$4.82 ($3.42). The company had a trading volume of 19,888 shares. Meridian Energy has a 12 month low of A$2.81 ($1.99) and a 12 month high of A$5.46 ($3.87). The firm has a market capitalization of $12.35 billion and a PE ratio of 89.26. The stock’s 50-day simple moving average is A$4.64. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 27.52.

Meridian Energy Company Profile

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.

Further Reading: What is the return on assets (ROA) ratio?

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