Henderson Land Development (OTCMKTS:HLDCY) Hits New 1-Year High - Here's What Happened

Key Points

• Henderson Land Development shares reached a new 52-week high, trading at $3.81 during mid-day trading on Thursday.
• HSBC Global Research upgraded the company's rating from a "hold" to a "strong-buy" as of June 30th.
• The company announced a significant dividend increase, paying $0.1473 per share, which reflects a yield of 647.0%, up from the previous $0.05 dividend.

Henderson Land Development Co. (OTCMKTS:HLDCY - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $3.81 and last traded at $3.68, with a volume of 2122 shares changing hands. The stock had previously closed at $3.59.

Analysts Set New Price Targets

Separately, Hsbc Global Res raised Henderson Land Development from a "hold" rating to a "strong-buy" rating in a report on Monday, June 30th.

Henderson Land Development Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.39 and a current ratio of 2.39. The business has a fifty day simple moving average of $3.42 and a two-hundred day simple moving average of $3.03.

Henderson Land Development Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 9th were paid a dividend of $0.1473 per share. The ex-dividend date of this dividend was Friday, June 6th. This is a positive change from Henderson Land Development's previous dividend of $0.05. This represents a yield of 647.0%.

Henderson Land Development Company Profile

Henderson Land Development Company Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China. The company operates through Property Development, Property Leasing, Department Stores and Supermarket-Cum-Stores Operations, Hotel Room Operation, Other Businesses, and Utility and Energy segments.