CHOW TAI FOOK (OTCMKTS:CJEWY) Shares Gap Up - Time to Buy?

Key Points

• Chow Tai Fook (OTCMKTS:CJEWY) shares opened significantly higher at $18.55, up from a previous close of $17.25, indicating strong pre-market trading.
• The company announced an increase in its dividend to $0.3577 per share, up from $0.26, with a remarkable dividend yield of 315.0%.
• Chow Tai Fook is a major player in the jewelry industry, operating in various markets including Mainland China, Hong Kong, and the United States, offering products under several well-known brands.

CHOW TAI FOOK (OTCMKTS:CJEWY - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $17.25, but opened at $18.55. CHOW TAI FOOK shares last traded at $18.55, with a volume of 1,031 shares changing hands.

CHOW TAI FOOK Price Performance

The company's 50-day moving average is $17.50 and its 200 day moving average is $14.12.

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 $0.3577 dividend. This represents a yield of 315.0%. This is a boost from CHOW TAI FOOK's previous dividend of $0.26. The ex-dividend date is Wednesday, August 6th.

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.