TerraCom Limited Announces Interim Dividend of $0.01 (ASX:TER)

TerraCom Limited (ASX:TER) announced a interim dividend on Friday, November 1st,MarketIndexAU Dividends reports. Shareholders of record on Thursday, December 5th will be given a dividend of 0.01 per share on Thursday, December 5th. This represents a yield of 5%. The ex-dividend date of this dividend is Wednesday, November 20th.

TerraCom Price Performance

The company has a quick ratio of 0.78, a current ratio of 0.65 and a debt-to-equity ratio of 2.49.

Insiders Place Their Bets

In other news, insider Mark Lochtenberg acquired 2,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of A$0.17 ($0.11) per share, for a total transaction of A$330,000.00 ($212,903.23). Also, insider Mark Ludski acquired 250,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of A$0.18 ($0.12) per share, for a total transaction of A$45,000.00 ($29,032.26). Corporate insiders own 21.21% of the company’s stock.

TerraCom Company Profile

TerraCom Limited develops and operates coal mines in Australia and South Africa. The company explores for hard and soft coking, thermal, and PCI coal. Its flagship property is the Blair Athol coal mine located in Clermont, Queensland. The company was formerly known as Guildford Coal Limited and changed its name to TerraCom Limited in November 2015.