Aspen Pharmacare (OTCMKTS:APNHY) Trading 4% Higher After Dividend Announcement

Shares of Aspen Pharmacare (OTCMKTS:APNHY) rose 4% on Wednesday following a dividend announcement from the company. The stock traded as high as $5.70 and last traded at $5.45. Approximately 520 shares changed hands during trading, a decline of 67% from the average daily volume of 1,572 shares. The stock had previously closed at $5.24.

The newly announced dividend which will be paid on Tuesday, October 21st. Shareholders of record on Monday, October 6th will be issued a dividend of $0.0725 per share. The ex-dividend date is Friday, October 3rd. This represents a yield of 138.0%.

Aspen Pharmacare Trading Up 4.0%

The company has a current ratio of 2.21, a quick ratio of 1.18 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $6.08 and a two-hundred day simple moving average of $6.84.

Aspen Pharmacare Company Profile

Aspen Pharmacare Holdings Limited, together with its subsidiaries, manufactures and supplies specialty and branded pharmaceutical products worldwide. It operates in Commercial Pharmaceuticals and Manufacturing segments. The company provides general anesthetics, muscle relaxants, and topical agents under the Anaesthetics brand; and a range of injectable anticoagulants with a focus on low molecular weight heparins, Xa inhibitors, and heparin derivatives under the Thrombosis brand.