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Tsingtao Brewery (OTCMKTS:TSGTY) Stock Crosses Below Fifty Day Moving Average - Here's What Happened

Tsingtao Brewery logo with Consumer Staples background

Tsingtao Brewery Company Limited (OTCMKTS:TSGTY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $36.24 and traded as low as $32.67. Tsingtao Brewery shares last traded at $32.67, with a volume of 220 shares traded.

Tsingtao Brewery Stock Performance

The business's fifty day moving average price is $36.23 and its 200 day moving average price is $34.43.

Tsingtao Brewery Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, May 26th will be paid a $1.3332 dividend. The ex-dividend date is Friday, May 23rd. This is an increase from Tsingtao Brewery's previous dividend of $1.22. This represents a dividend yield of 3.81%.

About Tsingtao Brewery

(Get Free Report)

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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