Golden Agri-Resources (OTCMKTS:GARPY) Stock Price Up 9.3% – What’s Next?

Golden Agri-Resources Ltd (OTCMKTS:GARPY)’s stock price was up 9.3% during trading on Wednesday . The stock traded as high as $19.99 and last traded at $19.99. Approximately 1,000 shares traded hands during trading, a decline of 44% from the average daily volume of 1,791 shares. The stock had previously closed at $18.29.

Golden Agri-Resources Stock Performance

The stock’s fifty day moving average price is $19.32 and its two-hundred day moving average price is $19.21.

Golden Agri-Resources Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, May 12th were issued a $0.5431 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 2.87%. This is a boost from Golden Agri-Resources’s previous dividend of $0.41. Golden Agri-Resources’s dividend payout ratio (DPR) is 39.40%.

About Golden Agri-Resources

Golden Agri-Resources Ltd, an investment holding company, operates as an integrated palm oil plantation company in Europe, China, India, Pakistan, the Middle east, and the United States. It operates in two segments, Plantation and Palm Oil Mills; and Palm, Laurics and Others. The company offers bulk products, such as crude palm oil, palm kernel, palm kernel oil, palm kernel meal, olein, stearin, soybean oil, and soybean meal; oleo chemicals; palm oil based bio-diesel and other renewable resources based energy; and refined products.