China Merchants Holdings International (OTCMKTS:CMHHY) Hits New 1-Year High - What's Next?

Key Points

• China Merchants Holdings International reached a new 52-week high of $19.85 in trading, up from a previous close of $17.20, indicating a strong performance in the market.
• The company has announced a significant increase in its dividend, now at $0.7413 per share, resulting in a remarkable dividend yield of 923.0%. This is a notable jump from the earlier dividend of $0.28.
• China Merchants Holdings operates as a key port operator in various regions, including Mainland China, Brazil, and Hong Kong, with diversified operations in logistics and property development.

China Merchants Holdings International Co. (OTCMKTS:CMHHY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $19.85 and last traded at $19.85, with a volume of 3054 shares. The stock had previously closed at $17.20.

China Merchants Holdings International Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.69 and a quick ratio of 0.68. The company's 50-day moving average is $17.22 and its 200-day moving average is $16.82.

China Merchants Holdings International Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.7413 per share. This is a positive change from China Merchants Holdings International's previous dividend of $0.28. This represents a yield of 923.0%. The ex-dividend date of this dividend was Monday, June 9th.

China Merchants Holdings International Company Profile

China Merchants Port Holdings Company Limited, an investment holding company, operates as a port operator in Mainland China, Brazil, Hong Kong, Taiwan, and internationally. The company operates through Ports Operation, Bonded Logistics Operation, and Other Operations segments. It engages in the container, and bulk and general cargo terminal operation; logistic park operation, ports transportation, and airport cargo handling; and property development, holding, and investment activities.