SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Shares Up 0.1% – Here’s Why

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL)’s stock price shot up 0.1% during trading on Friday . The stock traded as high as $25.64 and last traded at $25.6140. 1,890 shares changed hands during trading, a decline of 36% from the average session volume of 2,968 shares. The stock had previously closed at $25.60.

SWK Holdings Co. 9.00% Senior Notes due 2027 Stock Up 0.1%

The stock has a fifty day moving average of $25.55 and a two-hundred day moving average of $25.58.

SWK Holdings Co. 9.00% Senior Notes due 2027 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend was Monday, December 15th.

SWK Holdings Company is the indirect parent of Formica Corporation and related surfacing businesses. The company’s primary business activities center on the design, manufacturing and distribution of decorative surfacing materials for residential, commercial and industrial applications. Its product lines include high-pressure laminate, engineered quartz and solid surface sheets used in countertops, wall panels and furniture surfaces.

Under brands such as Formica® and Resopal®, SWK Holdings serves cabinet, furniture and flooring manufacturers, as well as commercial distributors.