Sinopec Shanghai Petrochemical Announces Annual Dividend of $0.82 (SHI)
Sinopec Shanghai Petrochemical (NYSE:SHI) announced a annual dividend on Monday, October 7th, ARN reports. Investors of record on Thursday, October 24th will be paid a dividend of $0.8168 per share on Monday, December 16th. This represents a dividend yield of 2.1%. The ex-dividend date is Tuesday, October 22nd.
On a related note, analysts at JPMorgan Chase & Co. initiated coverage on shares of Sinopec Shanghai Petrochemical in a research note to investors on Monday, September 16th. They set an “overweight” rating on the stock.
Sinopec Shanghai Petrochemical (NYSE:SHI) traded down 1.72% on Monday, hitting $38.81. 7,403 shares of the company’s stock traded hands. Sinopec Shanghai Petrochemical has a 52-week low of $27.21 and a 52-week high of $48.24. The stock has a 50-day moving average of $37.07 and a 200-day moving average of $35.44. The company has a market cap of $3.739 billion and a P/E ratio of 197.45.
Sinopec Shanghai Petrochemical Company Limited is a China-based petrochemicals company. The Company’s integrated petrochemical complex processes crude oil into a range of products, including synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products.
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