Treasury Wine Estates (OTCMKTS:TSRYY) Stock Price Down 4.7% - Time to Sell?

Key Points

• Treasury Wine Estates' stock price declined by 4.7% during mid-day trading, closing at $4.42, with trading volume down by 68% from the average.
• The company declared a dividend of $0.0393 to be paid on October 14th, representing an impressive dividend yield of 426.0%.
• With a market capitalization of $3.59 billion and a PE ratio of -28.33, Treasury Wine Estates has a diverse wine portfolio that includes brands like Penfolds and 19 Crimes.

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - )'s stock price was down 4.7% during mid-day trading on Monday . The company traded as low as $4.42 and last traded at $4.42. Approximately 104,440 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 321,396 shares. The stock had previously closed at $4.64.

Treasury Wine Estates Stock Performance

The business has a 50 day moving average of $5.01 and a two-hundred day moving average of $5.30. The stock has a market capitalization of $3.59 billion and a PE ratio of -28.33.

Treasury Wine Estates Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Friday, August 29th will be issued a $0.0393 dividend. The ex-dividend date 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 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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