Brambles (OTCMKTS:BXBLY) Shares Gap Up - Here's What Happened

Key Points

• Brambles Ltd. shares gapped up before the market opened, starting at $33.03 after a previous close of $32.22, though they later traded down to $31.80.
• The company recently announced a dividend of $0.1031, which represents an exceptional 218.0% yield for shareholders of record as of September 12.
• Brambles operates in supply-chain logistics, focusing on the pooling of unit-load equipment and services across various regions including North America, Europe, and Australia.

Shares of Brambles Ltd. (OTCMKTS:BXBLY - ) gapped up before the market opened on Friday . The stock had previously closed at $32.22, but opened at $33.03. Brambles shares last traded at $31.80, with a volume of 11,997 shares trading hands.

Brambles Stock Down 1.4%

The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The firm's 50 day moving average is $32.66 and its 200 day moving average is $30.13.

Brambles Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, September 12th were given a $0.1031 dividend. The ex-dividend date was Thursday, September 11th. This represents a yield of 218.0%.

About Brambles

Brambles Limited operates as a supply-chain logistics company. It operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; and CHEP Australia, New Zealand and Asia, excluding India segments. The company engages in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates, and containers.

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