Jardine Matheson (OTCMKTS:JMHLY) Trading 5% Higher Following Dividend Announcement

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) traded up 5% on Tuesday after the company announced a dividend. The stock traded as high as $59.90 and last traded at $59.90. 3,240 shares were traded during trading, a decline of 75% from the average session volume of 13,034 shares. The stock had previously closed at $57.05.

The newly announced dividend which will be paid on Wednesday, October 22nd. Investors of record on Monday, August 25th will be given a $0.53 dividend. This represents a yield of 361.0%. The ex-dividend date is Friday, August 22nd.

Wall Street Analysts Forecast Growth

Separately, Macquarie lowered shares of Jardine Matheson from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Jardine Matheson has an average rating of “Buy”.

Jardine Matheson Stock Performance

The stock’s 50-day moving average price is $52.16 and its 200 day moving average price is $45.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.19.

About Jardine Matheson

Jardine Matheson Holdings Limited, through its subsidiaries, operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally.