SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Trading Up 0% – Should You Buy?

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) was up 0% during mid-day trading on Wednesday . The company traded as high as $25.60 and last traded at $25.61. Approximately 5,484 shares changed hands during trading, an increase of 50% from the average daily volume of 3,668 shares. The stock had previously closed at $25.60.

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

The business’s 50-day moving average price is $25.44 and its two-hundred day moving average price is $25.53.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.5625 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.25 dividend on an annualized basis 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.