Treasury Wine Estates (OTCMKTS:TSRYY) Stock Price Down 4.7% - What's Next?

Key Points

• Treasury Wine Estates saw a stock price decline of 4.7%, trading at approximately $4.42 after a decrease from a previous close of $4.64.
• The company announced a dividend increase, set to be paid on October 14th, with a new dividend of $0.0393, reflecting a substantial yield of 426.0%.
• Treasury Wine Estates has a market capitalization of $3.59 billion and a price-to-earnings ratio (P/E) of -28.33, indicating financial challenges.

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - ) traded down 4.7% during trading on Monday . The company traded as low as $4.41 and last traded at $4.42. 411,105 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 372,250 shares. The stock had previously closed at $4.64.

Treasury Wine Estates Trading Down 4.7%

The business's fifty day moving average is $4.99 and its 200 day moving average is $5.28. The firm has a market capitalization of $3.59 billion and a P/E ratio of -28.33.

Treasury Wine Estates Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, October 14th. Investors of record on Friday, August 29th will be issued a $0.0393 dividend. This represents a dividend yield of 426.0%. The ex-dividend date is Thursday, August 28th. This is an increase from Treasury Wine Estates's previous dividend of $0.04. Treasury Wine Estates's payout ratio is presently -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.