Treasury Wine Estates (OTCMKTS:TSRYY) Sets New 12-Month Low - Should You Sell?

Key Points

• Treasury Wine Estates shares reached a new 52-week low of $4.69, marking a decrease of 2.4% from its previous close.
• The company has declared a dividend of $0.0393, reflecting a substantial yield of 426.0%, but currently has a negative dividend payout ratio of -141.03%.
• Treasury Wine Estates operates primarily in wine production and distribution across multiple global markets, including Australia, New Zealand, and Europe.

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - ) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.69 and last traded at $4.69, with a volume of 223 shares trading hands. The stock had previously closed at $4.82.

Treasury Wine Estates Stock Down 2.4%

The firm has a market capitalization of $3.82 billion and a P/E ratio of -30.16. The business has a 50-day moving average price of $5.10 and a 200-day moving average price of $5.39.

Treasury Wine Estates Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Friday, August 29th will be given a $0.0393 dividend. This represents a 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 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.