Jardine Matheson (OTCMKTS:JMHLY) Sets New 1-Year High After Dividend Announcement

Key Points

• Jardine Matheson Holdings Ltd. reached a new 52-week high of $59.90 following the announcement of a $0.53 dividend per share, which will be paid to stockholders on October 22nd.
• Despite the recent stock surge, Macquarie downgraded Jardine Matheson from a "strong-buy" rating to a "hold" rating, with analysts maintaining a consensus rating of "Buy."
• The company exhibits a low debt-to-equity ratio of 0.23, suggesting strong financial health and stability in its diverse operations across multiple sectors.

Shares of Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) hit a new 52-week high on Wednesday after the company announced a dividend. The company traded as high as $59.90 and last traded at $59.40, with a volume of 8328 shares changing hands. The stock had previously closed at $57.05.

The newly announced dividend which will be paid on Wednesday, October 22nd. Stockholders of record on Monday, August 25th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a dividend yield of 361.0%.

Analysts Set New Price Targets

Separately, Macquarie downgraded shares of Jardine Matheson from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Jardine Matheson Price Performance

The stock's fifty day moving average is $52.67 and its 200-day moving average is $46.18. The company has a quick ratio of 1.03, a current ratio of 1.24 and a debt-to-equity ratio of 0.22.

About Jardine Matheson

Jardine Matheson Holdings Limited, through its subsidiaries, operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally.