CHOW TAI FOOK (OTCMKTS:CJEWY) Shares Gap Down - Should You Sell?

Key Points

• CHOW TAI FOOK's share price gapped down from $18.05 to $16.71, indicating a potential concern among investors.
• The company has announced a dividend increase to $0.3577, providing a high dividend yield of 315.0%, which appeals to income-focused investors.
• CHOW TAI FOOK specializes in manufacturing and selling jewelry products across multiple countries, including Mainland China, Hong Kong, and the United States.

CHOW TAI FOOK (OTCMKTS:CJEWY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $18.05, but opened at $16.71. CHOW TAI FOOK shares last traded at $16.71, with a volume of 1,000 shares traded.

CHOW TAI FOOK Price Performance

The business's 50 day moving average is $16.75 and its 200 day moving average is $13.09.

CHOW TAI FOOK Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 7th will be issued a $0.3577 dividend. This is a positive change from CHOW TAI FOOK's previous dividend of $0.26. This represents a dividend yield of 315.0%. The ex-dividend date of this dividend is Wednesday, August 6th.

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.