Treasury Wine Estates (OTCMKTS:TSRYY) Reaches New 52-Week Low - Time to Sell?

Key Points

• Treasury Wine Estates shares reached a new 52-week low of $4.40, reflecting a significant decline in stock performance.
• The company announced an increase in dividend payout to $0.0393 per share, leading to a remarkable dividend yield of 426.0%, although the payout ratio is currently negative at -141.03%.
• Treasury Wine Estates operates globally in the wine industry, offering a diverse portfolio that includes several well-known brands like Penfolds and Wolf Blass.

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - ) shares hit a new 52-week low on Wednesday . The company traded as low as $4.40 and last traded at $4.41, with a volume of 62939 shares changing hands. The stock had previously closed at $4.42.

Treasury Wine Estates Stock Performance

The company's 50-day moving average price is $4.98 and its 200-day moving average price is $5.28. The firm has a market capitalization of $3.58 billion and a PE ratio of -28.27.

Treasury Wine Estates Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Friday, August 29th will be given a dividend of $0.0393 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a dividend yield of 426.0%. This is an increase from Treasury Wine Estates's previous dividend of $0.04. Treasury Wine Estates's payout ratio is currently -141.03%.

About Treasury Wine Estates

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.