Li Ning Co. (OTCMKTS:LNNGY) Plans Dividend of $1.10

Key Points

• Li Ning Co. has declared a dividend of $1.10 per share, marking a significant increase of 69.1% from the previous dividend of $0.65.
• The ex-dividend date is set for September 4th, with dividend payments scheduled for October 1st to shareholders on record as of September 5th.
• Zacks Research has downgraded Li Ning from a "hold" rating to a "strong sell" rating, indicating bearish sentiment towards the stock, which has an average rating of "Sell".

Li Ning Co. (OTCMKTS:LNNGY - Get Free Report) announced a dividend on Saturday, August 30th, investing.com reports. Shareholders of record on Friday, September 5th will be given a dividend of 1.1001 per share on Wednesday, October 1st. This represents a dividend yield of 287.0%. The ex-dividend date is Thursday, September 4th. This is a 69.1% increase from Li Ning's previous dividend of $0.65.

Li Ning Stock Up 0.6%

Shares of Li Ning stock traded up $0.39 on Monday, reaching $60.96. The company's stock had a trading volume of 1,116 shares, compared to its average volume of 4,693. Li Ning has a 52 week low of $40.29 and a 52 week high of $68.58. The firm's fifty day simple moving average is $54.91 and its two-hundred day simple moving average is $52.27.

Li Ning Company Profile

Li Ning Company Limited, a sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People's Republic of China. The company offers sporting goods, including professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand.