Chow Tai Fook (OTCMKTS:CJEWY) Reaches New 12-Month High - What's Next?

Key Points

• Chow Tai Fook's share price reached a new 52-week high of $19.93 during mid-day trading, up significantly from a previous close of $18.55.
• The company also announced a dividend increase, paying a dividend of $0.3577 per share, which corresponds to a remarkable dividend yield of 315.0%.
• The stock has shown strong performance recently, trading up by 7.4% with notable moving averages at $17.80 for 50 days and $14.56 for 200 days.

Chow Tai Fook (OTCMKTS:CJEWY - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $19.93 and last traded at $19.93, with a volume of 578 shares. The stock had previously closed at $18.55.

Chow Tai Fook Price Performance

The business has a 50 day moving average price of $18.08 and a 200 day moving average price of $14.83.

Chow Tai Fook Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 7th were paid a $0.3577 dividend. The ex-dividend date was Wednesday, August 6th. This is a positive change from Chow Tai Fook's previous dividend of $0.26. This represents a dividend yield of 315.0%.

About Chow Tai Fook

Chow Tai Fook Jewellery Group Limited, an investment holding company, manufactures and sells jewelry products in Mainland China, Hong Kong, Macau, Taiwan, Cambodia, Canada, Korea, Japan, Malaysia, the Philippines, Singapore, Thailand, the United States, and Vietnam. The company offers gem-set, platinum and k-gold jewelry, and gold jewelry and products under the CHOW TAI FOOK, HEARTS ON FIRE, ENZO, MONOLOGUE, and SOINLOVE brands.