Hengan International Group (OTCMKTS:HEGIY) Shares Down 5.5% - Here's What Happened

Key Points

• Hengan International Group's shares fell by 5.5%, closing at $15.69 after hitting a low of $15.67 during trading, which reflects a significant decrease in trading volume by 70% compared to its average session.
• The company has announced an increase in its dividend to $0.4175 per share, with a staggering dividend yield of 522.0%, payable on October 27th to stockholders of record on September 10th.
• Hengan International Group operates primarily in personal hygiene products, offering a wide range of items including tissue papers, diapers, and other hygiene products in China and internationally.

Hengan International Group Co., Ltd. Unsponsored ADR (OTCMKTS:HEGIY - ) shares fell 5.5% during trading on Tuesday . The company traded as low as $15.67 and last traded at $15.69. 9,227 shares traded hands during trading, a decline of 70% from the average session volume of 31,248 shares. The stock had previously closed at $16.60.

Hengan International Group Stock Performance

The stock has a 50-day moving average price of $15.32 and a 200 day moving average price of $14.40. The company has a current ratio of 1.43, a quick ratio of 1.13 and a debt-to-equity ratio of 0.11.

Hengan International Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, October 27th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.4175 per share. This represents a dividend yield of 522.0%. This is an increase from Hengan International Group's previous dividend of $0.41. The ex-dividend date is Tuesday, September 9th.

Hengan International Group Company Profile

Hengan International Group Company Limited, an investment holding company, manufactures, distributes, and sells personal hygiene products in the People's Republic of China and internationally. The company offers pocket handkerchiefs, box and soft tissue papers, kitchen towels/papers, toilet rolls, first-aid products, enema, garbage and food bags, preservation papers, table cloths and disposable toilet brush, sanitary napkins, pantiliners, overnight pants, wet tissues, maternal and child care products, adult and baby diapers, and cleansing products.

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