Jardine Matheson (OTCMKTS:JMHLY) Trading 5% Higher After Dividend Announcement

Key Points

• Jardine Matheson Holdings Ltd. experienced a 5% increase in stock price following the announcement of a $0.53 dividend, with shares last traded at $59.90.
• The ex-dividend date is Friday, August 22nd, and the dividend will be paid on October 22nd, reflecting a significant yield of 361.0%.
• Macquarie downgraded Jardine Matheson from a "strong-buy" to a "hold" rating, although the stock still holds an average rating of "Buy" based on market data.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report)'s stock price was up 5% during mid-day trading on Tuesday after the company announced a dividend. The company traded as high as $59.90 and last traded at $59.90. Approximately 3,240 shares changed hands during trading, a decline of 75% from the average daily volume of 13,034 shares. 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. The ex-dividend date of this dividend is Friday, August 22nd. This represents a yield of 361.0%.

Analyst Ratings Changes

Separately, Macquarie downgraded 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

Jardine Matheson Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.19 and a quick ratio of 0.99. The business has a fifty day moving average of $51.55 and a 200-day moving average of $45.65.

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.

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