Myer Holdings Limited (ASX:MYR) Announces Dividend Increase – $0.08 Per Share

Myer Holdings Limited (ASX:MYR – Get Rating) declared a interim dividend on Friday, March 17th, MarketIndexAU reports. Investors of record on Wednesday, May 10th will be given a dividend of 0.08 per share on Wednesday, May 10th. This represents a yield of 7.84%. The ex-dividend date is Tuesday, March 21st. This is an increase from Myer’s previous interim dividend of $0.02.

Myer Stock Performance

The company has a debt-to-equity ratio of 587.17, a current ratio of 1.02 and a quick ratio of 0.40.

Myer Company Profile

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Myer Holdings Limited, together with its subsidiaries, operates department stores in Australia. It offers womenswear, menswear, childrenswear, homewares, beauty products, electrical goods, toys, gift products, and general merchandise. The company operates 58 stores under the Myer brand name. It is also involved in the online retailing business under the sass & bide, and Marcs and David Lawrence brand names.