Chow Tai Fook (OTCMKTS:CJEWY) Reaches New 1-Year High - What's Next?

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 - )'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $18.13 and last traded at $18.13, with a volume of 102 shares. The stock had previously closed at $17.00.

Chow Tai Fook Stock Performance

The business's 50 day moving average price is $16.91 and its 200 day moving average price is $13.34.

Chow Tai Fook Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 7th will be paid a $0.3577 dividend. This is a positive change from Chow Tai Fook's previous dividend of $0.26. The ex-dividend date of this dividend is Wednesday, August 6th. 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.

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