SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Trading Down 0.2% – Here’s What Happened

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL)’s share price was down 0.2% on Friday . The company traded as low as $25.34 and last traded at $25.44. Approximately 127 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 5,593 shares. The stock had previously closed at $25.48.

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

The company has a 50-day moving average of $25.57 and a 200-day moving average of $25.55.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.5625 per share. The ex-dividend date is Monday, December 15th. This represents a $2.25 annualized dividend and a dividend yield of 8.8%.

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.