CHOW TAI FOOK (OTCMKTS:CJEWY) Trading Up 4.6% - Time to Buy?

Key Points

• Chow Tai Fook's share price has increased by 4.6%, reaching a trading price of $18.62, despite a 55% drop in trading volume compared to its daily average.
• The company recently declared a dividend increase to $0.3577 per share, up from $0.26, resulting in a significant yield of 315.0%.
• Chow Tai Fook is a major player in the jewelry industry, selling various jewelry products across multiple countries under several well-known brands.

CHOW TAI FOOK (OTCMKTS:CJEWY - )'s share price was up 4.6% during mid-day trading on Friday . The company traded as high as $18.62 and last traded at $18.62. Approximately 706 shares traded hands during trading, a decline of 55% from the average daily volume of 1,553 shares. The stock had previously closed at $17.80.

CHOW TAI FOOK Stock Performance

The business's 50-day simple moving average is $19.15 and its 200 day simple moving average is $16.07.

CHOW TAI FOOK Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 7th were given a dividend of $0.3577 per share. This is a positive change from CHOW TAI FOOK's previous dividend of $0.26. The ex-dividend date was 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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