Jamieson Wellness Inc. (TSE:JWEL – Get Free Report)’s share price hit a new 52-week high on Tuesday after National Bank Financial raised their price target on the stock from C$40.50 to C$45.00. National Bank Financial currently has an outperform rating on the stock. Jamieson Wellness traded as high as C$39.30 and last traded at C$38.19, with a volume of 62708 shares changing hands. The stock had previously closed at C$39.05.
Jamieson Wellness Trading Down 2.2%
The stock has a market capitalization of C$1.60 billion, a P/E ratio of 26.71 and a beta of 1.59. The business has a 50 day simple moving average of C$35.09 and a 200-day simple moving average of C$35.34. The company has a debt-to-equity ratio of 75.70, a quick ratio of 1.08 and a current ratio of 2.76.
Jamieson Wellness Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.92 annualized dividend and a yield of 2.4%. Jamieson Wellness’s dividend payout ratio (DPR) is currently 60.14%.
About Jamieson Wellness
Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.
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