Jardine Matheson (OTCMKTS:JMHLY) Shares Up 5% 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 shot up 5% during trading on Tuesday following a dividend announcement from the company. The company traded as high as $59.90 and last traded at $59.90. 3,240 shares were traded during trading, a decline of 75% from the average session 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. Shareholders of record on Monday, August 25th will be given a $0.53 dividend. This represents a yield of 361.0%. The ex-dividend date is Friday, August 22nd.

Analyst Upgrades and Downgrades

Separately, Macquarie lowered Jardine Matheson from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 29th. One research 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 stock presently has a consensus rating of "Buy".

Jardine Matheson Stock 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 company has a 50-day moving average price of $52.67 and a 200-day moving average price of $46.13.

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.