Chow Tai Fook (OTCMKTS:CJEWY) Sets New 1-Year High - Still a Buy?

Key Points

• Chow Tai Fook stock reached a new 52-week high, trading at $18.13, up from a previous close of $17.00, with a trading volume of 102 shares.
• The company announced an increase in its dividend, declaring a payment of $0.3577 per share, up from $0.26, resulting in a significant dividend yield of 315.0%.
• Chow Tai Fook operates as a jewelry manufacturer and retailer in various countries, with products sold under well-known brands such as CHOW TAI FOOK and HEARTS ON FIRE.

Chow Tai Fook (OTCMKTS:CJEWY - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $18.13 and last traded at $18.13, with a volume of 102 shares changing hands. The stock had previously closed at $17.00.

Chow Tai Fook Price Performance

The stock has a 50 day moving average price of $17.08 and a 200-day moving average price of $13.56.

Chow Tai Fook Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 7th will be paid a dividend of $0.3577 per share. This is a boost from Chow Tai Fook's previous dividend of $0.26. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a yield of 315.0%.

Chow Tai Fook Company Profile

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.