Tsingtao Brewery (OTCMKTS:TSGTY) Shares Gap Up - Should You Buy?

Key Points

• Tsingtao Brewery's share price gapped up from $31.36 to $32.50 prior to Thursday trading, with last trades at $32.40 and a volume of 2,819 shares.
• The company has increased its dividend, declaring a payment of $1.3332 per share with a yield of 381.0%, up from the previous dividend of $1.22.
• Tsingtao Brewery operates in the global beer market across seven regions, including various parts of China and overseas markets.

Tsingtao Brewery Co. (OTCMKTS:TSGTY - )'s share price gapped up prior to trading on Thursday . The stock had previously closed at $31.36, but opened at $32.50. Tsingtao Brewery shares last traded at $32.40, with a volume of 2,819 shares.

Tsingtao Brewery Stock Up 3.3%

The stock has a 50 day moving average of $32.40 and a 200 day moving average of $33.96.

Tsingtao Brewery Increases Dividend

The business also recently declared a dividend, which was paid on Friday, July 18th. Investors of record on Monday, May 26th were given a $1.3332 dividend. This represents a yield of 381.0%. The ex-dividend date of this dividend was Friday, May 23rd. This is an increase from Tsingtao Brewery's previous dividend of $1.22.

Tsingtao Brewery Company Profile

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products worldwide. It operates through seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Region; and Finance Company.

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