Shenzhen Investment Hldgs Bay Area Dvlpmt Co. Ltd. Sponsrd (OTCMKTS:SIHBY) Sets New 12-Month Low - Here's What Happened

Key Points

• Shenzhen Investment Hldgs Bay Area Dvlpmt Co. Ltd. shares reached a new 12-month low of $1.86, down 4.1% from the previous close of $1.94.
• The company has increased its dividend to $0.086 per share from the previous $0.08, with a remarkable dividend yield of 849.0%.
• The firm operates toll expressways and bridges in China, with notable segments including the Coastal Expressway (Shenzhen Section) and GS Superhighway.

Shenzhen Investment Hldgs Bay Area Dvlpmt Co. Ltd. Sponsrd ADR (OTCMKTS:SIHBY - )'s share price hit a new 52-week low on Thursday . The stock traded as low as $1.86 and last traded at $1.86, with a volume of 599 shares. The stock had previously closed at $1.94.

Shenzhen Investment Hldgs Bay Area Dvlpmt Co. Ltd. Sponsrd Stock Down 4.1%

The firm's 50 day moving average is $1.94 and its two-hundred day moving average is $2.03.

Shenzhen Investment Hldgs Bay Area Dvlpmt Co. Ltd. Sponsrd Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 17th. Stockholders of record on Wednesday, September 24th will be given a dividend of $0.086 per share. This is a boost from Shenzhen Investment Hldgs Bay Area Dvlpmt Co. Ltd. Sponsrd's previous dividend of $0.08. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a dividend yield of 849.0%.

Shenzhen Investment Hldgs Bay Area Dvlpmt Co. Ltd. Sponsrd Company Profile

Shenzhen Investment Holdings Bay Area Development Company Limited, an investment holding company, initiates, promotes, develops, and operates toll expressways and bridges in the People's Republic of China. The company operates through Coastal Expressway (Shenzhen Section), GS Superhighway, GZ West Superhighway, and Xintang Interchange segments.

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