SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Stock Price Up 0.1% – Here’s What Happened

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL)’s stock price shot up 0.1% on Monday . The company traded as high as $25.49 and last traded at $25.3950. 642 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 3,769 shares. The stock had previously closed at $25.37.

SWK Holdings Co. 9.00% Senior Notes due 2027 Price Performance

The stock has a 50 day moving average of $25.52 and a two-hundred day moving average of $25.54.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Sunday, March 15th were issued a $0.5625 dividend. The ex-dividend date was Friday, March 13th. This is a positive change from SWK Holdings Co. 9.00% Senior Notes due 2027’s previous quarterly dividend of $0.56. This represents a $2.25 annualized dividend and a dividend yield of 8.9%.

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.