Jardine Matheson (OTCMKTS:JMHLY) Reaches New 12-Month 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.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report)'s share price reached 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 traded. The stock had previously closed at $57.05.

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

Analyst Ratings Changes

Separately, Macquarie cut Jardine Matheson from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy".

Jardine Matheson Stock Down 0.3%

The company has a 50-day simple moving average of $52.67 and a 200-day simple moving average of $46.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.19.

Jardine Matheson Company Profile

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.