Hotel Property Investments (ASX:HPI) Plans $0.07 Interim Dividend

Hotel Property Investments (ASX:HPI) declared a interim dividend on Monday, October 21st, MarketIndexAU reports. Shareholders of record on Tuesday, November 19th will be paid a dividend of 0.065 per share on Tuesday, November 19th. This represents a yield of 1.86%. The ex-dividend date is Tuesday, October 29th.

Hotel Property Investments Price Performance

The company has a debt-to-equity ratio of 60.73, a quick ratio of 0.06 and a current ratio of 2.33.

Insiders Place Their Bets

In other news, insider Giselle Collins purchased 30,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were bought at an average price of A$3.34 ($2.22) per share, for a total transaction of A$100,110.00 ($66,740.00). In other news, insider John White purchased 14,400 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of A$3.47 ($2.31) per share, for a total transaction of A$49,968.00 ($33,312.00). Also, insider Giselle Collins acquired 30,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were bought at an average price of A$3.34 ($2.22) per share, for a total transaction of A$100,110.00 ($66,740.00). Insiders have acquired 50,441 shares of company stock valued at $171,107 over the last quarter. Insiders own 1.35% of the company’s stock.

Hotel Property Investments Company Profile

HPI owns a Portfolio of freehold hotels and associated specialty tenancies located throughout Queensland and South Australia. The pubs are leased to the Queensland Venue Company (QVC), a joint venture between Coles group and Australian Venue Company, and to Australian Leisure & Hospitality ("ALH"), a joint venture 75% owned by the Woolworths group.