Jardine Matheson (OTCMKTS:JMHLY) Stock Price Up 5% Following Dividend Announcement

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s stock price rose 5% during mid-day trading on Tuesday following a dividend announcement from the company. The stock traded as high as $59.90 and last traded at $59.90. Approximately 3,240 shares were traded during trading, a decline of 75% from the average daily 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 paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a yield of 361.0%.

Wall Street Analyst Weigh In

Separately, Macquarie lowered Jardine Matheson from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Jardine Matheson Stock Up 4.1%

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.19 and a quick ratio of 0.99. The firm has a 50-day simple moving average of $51.86 and a 200 day simple moving average of $45.74.

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.