Treasury Wine Estates (OTCMKTS:TSRYY) Reaches New 12-Month Low - Time to Sell?

Key Points

• Treasury Wine Estates (OTCMKTS:TSRYY) has reached a new 52-week low, trading as low as $4.53 during mid-day trading, with a current price of $4.64.
• The company announced an increase in its dividend to $0.0393, reflecting a substantial dividend yield of 426.0%, but its dividend payout ratio stands at a negative -141.03%.
• Treasury Wine Estates has a market capitalization of $3.75 billion and its 50-day and 200-day moving averages are $5.03 and $5.34, respectively.

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - ) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $4.53 and last traded at $4.64, with a volume of 439 shares changing hands. The stock had previously closed at $4.62.

Treasury Wine Estates Price Performance

The company's 50-day moving average price is $5.03 and its 200-day moving average price is $5.34. The firm has a market cap of $3.75 billion and a price-to-earnings ratio of -29.62.

Treasury Wine Estates Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Friday, August 29th will be given a $0.0393 dividend. This represents a dividend yield of 426.0%. This is a positive change from Treasury Wine Estates's previous dividend of $0.04. The ex-dividend date is Thursday, August 28th. Treasury Wine Estates's dividend payout ratio (DPR) is -141.03%.

Treasury Wine Estates Company Profile

Treasury Wine Estates Limited operates as a wine company primarily in Australia, New Zealand, Asia, Europe, the United Kingdom, the Middle East, Africa, and the Americas. The company engages in the viticulture and winemaking; and marketing, sale, and distribution of wine. Its wine portfolio includes luxury, premium and commercial wine brands, such as 19 Crimes, Acacia Vineyard, Annie's Lane, Beaulieu Vineyard, Belcreme de Lys, Beringer Vineyards, Blossom Hill, Cavaliere d'Oro, Coldstream Hills, Devil's Lair, EMBRAZEN, Etude, Fifth Leg, Heemskerk, Hewitt Vineyard, Ingoldby, Jamieson's Run, Killawarra, Leo Buring, Lindeman's, Maison de Grand Esprit, Matua, Penfolds, Pepperjack, Rawson's Retreat, Rosemount Estate, Run Riot, Saltram, Samuel Wynn & Co, Secret Stone, Seppelt, Shingle Peak, Sledgehammer, Squealing pig, St Huberts, Stags' Leap Winery, Stellina di Notte, Sterling Vineyards, T'Gallant, The Walking Dead Wine, Wolf Blass, Wynns Coonawarra Estate, and Yellowglen.

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