Techtronic Industries Co. (OTCMKTS:TTNDY) Increases Dividend to $0.78 Per Share

Key Points

• Techtronic Industries Co. has announced an increase in its dividend to $0.78 per share, marking a 4.9% rise from the previous dividend of $0.74.
• Investors on record as of September 4th will receive the dividend payment on September 29th, with the ex-dividend date set for September 3rd.
• As of the article's publication, Techtronic Industries stock is trading at $65.09, having experienced a growth of 1.1% in the market.

Techtronic Industries Co. (OTCMKTS:TTNDY - Get Free Report) announced a dividend on Saturday, August 30th, investing.com reports. Shareholders of record on Thursday, September 4th will be given a dividend of 0.7762 per share on Monday, September 29th. This represents a dividend yield of 231.0%. The ex-dividend date of this dividend is Wednesday, September 3rd. This is a 4.9% increase from Techtronic Industries's previous dividend of $0.74.

Techtronic Industries Stock Down 0.7%

Shares of Techtronic Industries stock traded down $0.41 during mid-day trading on Thursday, hitting $61.11. 9,811 shares of the stock were exchanged, compared to its average volume of 72,561. Techtronic Industries has a twelve month low of $44.44 and a twelve month high of $78.85. The company has a 50-day simple moving average of $60.42 and a 200 day simple moving average of $58.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.57 and a quick ratio of 0.74.

About Techtronic Industries

Techtronic Industries Company Limited engages in the design, manufacture, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products in the North America, Europe, and internationally. The company operates through Power Equipment, and Floorcare & Cleaning Segments. It offers power tools, power tool accessories, outdoor products, and outdoor product accessories under the MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, and HART brands, as well as to original equipment manufacturer (OEM) customers.