Codan Limited (ASX:CDA) Announces Dividend Increase – $0.13 Per Share

Codan Limited (ASX:CDA) declared a interim dividend on Monday, February 24th, MarketIndexAU Dividends reports. Investors of record on Sunday, March 16th will be given a dividend of 0.125 per share on Sunday, March 16th. This represents a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Codan’s previous interim dividend of $0.11.

Codan Price Performance

The company has a market cap of $2.98 billion, a price-to-earnings ratio of 36.60, a P/E/G ratio of 0.83 and a beta of 1.08. The company has a debt-to-equity ratio of 31.53, a quick ratio of 0.72 and a current ratio of 1.67.

Codan Company Profile

Codan Limited develops technology solutions for United Nations organizations, mining companies, security and military groups, government departments, individuals, and small-scale miners. It operates through Communications and Metal Detection segments. The Communications segment designs, develops, manufactures, and markets communication equipment that consists of DTC radio solutions for the wireless transmission of video and other data applications; and Zetron communications solutions.