China Mengniu Dairy Company Limited (OTCMKTS:CIADY - Get Free Report) shares dropped 1.8% on Tuesday . The company traded as low as $22.84 and last traded at $22.97. Approximately 653 shares were traded during trading, a decline of 90% from the average daily volume of 6,488 shares. The stock had previously closed at $23.39.
China Mengniu Dairy Stock Performance
The firm's 50 day moving average is $23.83 and its 200 day moving average is $22.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.83 and a current ratio of 0.99.
China Mengniu Dairy Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, July 11th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.6371 per share. This represents a dividend yield of 2.88%. This is a boost from China Mengniu Dairy's previous dividend of $0.61. The ex-dividend date is Tuesday, June 17th.
About China Mengniu Dairy
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China Mengniu Dairy Company Limited, an investment holding company, engages in the manufacture and distribution of dairy products under the MENGNIU brand in the People's Republic of China and internationally. It operates through Liquid Milk Business, Ice Cream Business, Milk Formula Business, and Cheese Business, and Other segments.
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