Meridian Energy Limited (ASX:MEZ) to Issue Interim Dividend of $0.05

Meridian Energy Limited (ASX:MEZ) declared a interim dividend on Thursday, February 26th, MarketIndexAU Dividends reports. Shareholders of record on Monday, March 23rd will be given a dividend of 0.053 per share on Monday, March 23rd. This represents a yield of 112.0%. The ex-dividend date is Wednesday, March 4th.

Meridian Energy Stock Performance

The firm has a market capitalization of $15.67 billion, a PE ratio of 36.31, a PEG ratio of 33.58 and a beta of 0.76. The company has a quick ratio of 1.10, a current ratio of 1.05 and a debt-to-equity ratio of 16.70.

About Meridian Energy

Meridian Energy Limited engages in the generation, trading, and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom. It generates electricity through 7 hydro stations that has a capacity of 2,353 MW; 5 wind farms that has a capacity of 416 MW; and grid-scale solar array, as well as offers solar installation services. It sells electricity under the Meridian Energy and Powershop brands. The company was formerly known as Hydro Energy Limited.