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China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Up - Time to Buy?

China Mengniu Dairy logo with Consumer Staples background

Key Points

  • China Mengniu Dairy's share price experienced a gap up, opening at $19.66 after closing at $19.04.
  • The company announced a dividend increase, paying shareholders $0.6371 per share, resulting in a dividend yield of 288.0%.
  • Mengniu Dairy operates in various segments, including liquid milk, ice cream, and cheese, distributing products under the MENGNIU brand both domestically and internationally.
  • MarketBeat previews top five stocks to own in October.

China Mengniu Dairy (OTCMKTS:CIADY - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $19.04, but opened at $19.66. China Mengniu Dairy shares last traded at $19.66, with a volume of 146 shares trading hands.

China Mengniu Dairy Price Performance

The firm's 50-day simple moving average is $20.64 and its 200 day simple moving average is $22.51. The company has a current ratio of 0.97, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

China Mengniu Dairy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 11th. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.6371 per share. The ex-dividend date was Tuesday, June 17th. This represents a dividend yield of 288.0%. This is a positive change from China Mengniu Dairy's previous dividend of $0.61.

About China Mengniu Dairy

(Get Free Report)

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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