China Mengniu Dairy (OTCMKTS:CIADY) Trading Up 0.7% - What's Next?

Key Points

• China Mengniu Dairy shares increased by 0.7% to $21.45, despite a significant drop in trading volume compared to average levels.
• The company recently raised its dividend to $0.6371 per share, up from $0.61, providing shareholders with a yield of 2.88%.
• Key financial ratios for Mengniu include a quick ratio of 0.83, a current ratio of 0.97, and a debt-to-equity ratio of 0.37.

China Mengniu Dairy (OTCMKTS:CIADY - Get Free Report) traded up 0.7% during trading on Monday . The company traded as high as $21.45 and last traded at $21.45. 2,112 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 3,870 shares. The stock had previously closed at $21.30.

China Mengniu Dairy Stock Performance

The business has a 50-day simple moving average of $21.50 and a 200 day simple moving average of $22.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.97 and a quick ratio of 0.83.

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 $0.6371 dividend. The ex-dividend date of this dividend 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

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.