Tower Limited (ASX:TWR) Announces Dividend Increase – $0.05 Per Share

Tower Limited (ASX:TWR) declared a final dividend on Wednesday, January 1st,MarketIndexAU Dividends reports. Shareholders of record on Wednesday, January 29th will be given a dividend of 0.05 per share on Wednesday, January 29th. This represents a dividend yield of 4.13%. The ex-dividend date is Tuesday, January 14th. This is a positive change from Tower’s previous final dividend of $0.03.

Tower Stock Performance

The company has a debt-to-equity ratio of 9.28, a quick ratio of 0.68 and a current ratio of 1.07.

Tower Company Profile

Tower Limited provides general insurance products in New Zealand and the Pacific Islands. Its insurance products include car, house, contents, contract works and renovation cover, landlord, boat, business, travel, pet, renters, house and contents bundle, electric vehicle, motorbike and motorcycle, lifestyle block, caravan or trailer, motorhome, campervan and RV, and multi-policy discount insurance.