Chow Tai Fook (OTCMKTS:CJEWY) Sets New 12-Month High Following Dividend Announcement

Key Points

• Chow Tai Fook shares hit a new 12-month high of $18.05 after the announcement of a $0.3577 dividend, surpassing the previous dividend of $0.26.
• The declared dividend represents a significant yield of 315.0% and will be paid to shareholders on September 4th.
• The company's stock has a 50-day moving average of $16.56 and a 200-day moving average of $12.97.

Chow Tai Fook (OTCMKTS:CJEWY - Get Free Report)'s share price hit a new 52-week high on Monday following a dividend announcement from the company. The stock traded as high as $18.05 and last traded at $18.05, with a volume of 600 shares trading hands. The stock had previously closed at $17.95.

The newly announced 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%.

Chow Tai Fook Trading Down 7.5%

The stock's fifty day moving average is $16.70 and its 200 day moving average is $13.06.

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.