CHOW TAI FOOK (OTCMKTS:CJEWY) Shares Gap Down - What's Next?

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)'s share price gapped down before the market opened 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 Stock Performance

The stock has a fifty day simple moving average of $16.85 and a two-hundred day simple moving average of $13.23.

CHOW TAI FOOK Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 7th will be paid a $0.3577 dividend. The ex-dividend date is Wednesday, August 6th. This represents a dividend yield of 315.0%. This is a boost from CHOW TAI FOOK's previous dividend of $0.26.

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.