Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY – Get Free Report) shares rose 3.7% during mid-day trading on Friday . The company traded as high as $15.57 and last traded at $15.57. Approximately 242 shares changed hands during trading, a decline of 69% from the average daily volume of 789 shares. The stock had previously closed at $15.01.
Zhongsheng Group Trading Up 3.7%
The stock has a fifty day simple moving average of $15.37 and a 200-day simple moving average of $16.07.
Zhongsheng Group Cuts Dividend
The business also recently announced a dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.7939 per share. This represents a yield of 5.14%. The ex-dividend date is Thursday, June 26th. Zhongsheng Group’s dividend payout ratio (DPR) is currently 16.23%.
About Zhongsheng Group
Zhongsheng Group Holdings Limited, an investment holding company, engages in the sale and service of motor vehicles in the People's Republic of China. The company operates 4S dealerships for various automobile brands consisting of luxury automobile brands, including Mercedes-Benz, Lexus, BMW, Audi, Jaguar Land Rover, Porsche, and Volvo; and mid-to-high end automobile brands, such as Toyota, Honda, and Nissan.
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