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China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Declares Dividend Increase - $0.11 Per Share

China Resources Enterprise logo with Multi-Sector Conglomerates background

Key Points

  • China Resources Enterprise Ltd. has raised its dividend to $0.11 per share, marking a significant 32.2% increase from the previous dividend of $0.08.
  • The dividend will be distributed to shareholders on November 3rd to those who are on record as of September 4th, with an ex-dividend date set for September 3rd.
  • The stock opened at $7.44 and has a debt-to-equity ratio of 0.02, indicating a strong financial position in terms of leverage.
  • MarketBeat previews top five stocks to own in October.

China Resources Enterprise Ltd. (OTCMKTS:CRHKY - Get Free Report) announced a dividend on Saturday, August 30th, investing.com reports. Stockholders of record on Thursday, September 4th will be paid a dividend of 0.1092 per share on Monday, November 3rd. This represents a dividend yield of 147.0%. The ex-dividend date is Wednesday, September 3rd. This is a 32.2% increase from China Resources Enterprise's previous dividend of $0.08.

China Resources Enterprise Stock Down 3.4%

Shares of China Resources Enterprise stock traded down $0.25 during trading on Wednesday, hitting $7.06. 37,168 shares of the stock traded hands, compared to its average volume of 42,788. The company has a quick ratio of 0.23, a current ratio of 0.60 and a debt-to-equity ratio of 0.02. China Resources Enterprise has a twelve month low of $5.45 and a twelve month high of $9.34. The company has a fifty day moving average price of $6.94 and a two-hundred day moving average price of $6.89.

China Resources Enterprise Company Profile

(Get Free Report)

China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells beer products in Mainland China. The company offers its products under the Nong Li, Snow, and Jinsha brands. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015.

Further Reading

Dividend History for China Resources Enterprise (OTCMKTS:CRHKY)

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