BUZZ-Australia's Mayfield Group rises on contract win, dividend approval

Reuters
28 Jan
BUZZ-Australia's Mayfield Group rises on contract win, dividend approval

** Shares of Mayfield Group Holdings MYG.AX rise 9.5% to A$0.92

** Stock hits its highest level since Aug 14, 2024

** The electrical and telecommunications firm says it received a contract of A$20 mln ($12.52 mln) within renewable, data and mining sectors

** Says contract received from Central West Orana Renewable Energy Zone

** Co approves fully franked special dividend of 5.3 AU cents per share and an interim dividend of 1 AU cent per share

** About 206,295 shares change hands, 7.7 times the 30-day average volume of shares

** Stock has gained 15%, YTD

($1 = 1.5974 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

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