Wesfarmers Limited (ASX:WES) Plans Dividend Increase – $1.02 Per Share

Wesfarmers Limited (ASX:WES) announced a interim dividend on Friday, February 20th, MarketIndexAU Dividends reports. Shareholders of record on Monday, March 30th will be given a dividend of 1.02 per share on Monday, March 30th. This represents a yield of 121.0%. The ex-dividend date is Monday, February 23rd. This is a 155.0% increase from Wesfarmers’s previous interim dividend of $0.40.

Wesfarmers Price Performance

The company has a quick ratio of 0.32, a current ratio of 1.14 and a debt-to-equity ratio of 131.37. The stock has a market capitalization of $88.65 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 4.51 and a beta of 0.83.

About Wesfarmers

Wesfarmers Limited engages in the retail business in Australia, New Zealand, and internationally. The company is involved in the retail sale of building materials, home and garden improvement, lifestyle, and outdoor living products; apparel and general merchandise, including toys, leisure, entertainment, home, and consumables; and office products and solutions, such as stationery, technology, furniture, art supplies, and learning and development resources, as well as print and create, and technical support services through its Officeworks stores.