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

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.

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 given 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 Performance

Shares of China Resources Enterprise stock traded down $0.04 during trading hours on Thursday, hitting $7.02. The company's stock had a trading volume of 43,989 shares, compared to its average volume of 42,764. China Resources Enterprise has a 1-year low of $5.45 and a 1-year high of $9.34. The business has a fifty day moving average of $6.96 and a 200 day moving average of $6.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.60 and a quick ratio of 0.23.

About China Resources Enterprise

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.