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Sinopec Shanghai Petrochemical (NYSE:SHI)’s share price hit a new 52-week high on Thursday , Analyst Ratings.Net reports. The company traded as high as $31.82 and last traded at $31.66, with a volume of 18,620 shares changing hands. The stock had previously closed at $30.26.

The stock has a 50-day moving average of $28.1 and a 200-day moving average of $27.17. The company has a market cap of $3.317 billion and a price-to-earnings ratio of 11.21.

The company also recently declared a annual dividend, which is scheduled for Monday, July 28th. Investors of record on Monday, June 30th will be given a dividend of $0.8033 per share. This represents a yield of 2.95%. The ex-dividend date of this dividend is Thursday, June 26th.

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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