Jamieson Wellness Inc. (TSE:JWEL) Declares Dividend Increase – $0.21 Per Share

Jamieson Wellness Inc. (TSE:JWEL) announced a quarterly dividend on Friday, November 29th,TickerTech Dividends reports. Investors of record on Friday, December 13th will be given a dividend of 0.21 per share on Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.19.

Jamieson Wellness Stock Up 0.9 %

TSE JWEL traded up C$0.31 during midday trading on Wednesday, hitting C$36.77. 16,402 shares of the company traded hands, compared to its average volume of 60,568. The company has a market cap of C$1.53 billion, a PE ratio of 42.73 and a beta of 0.63. The company’s 50-day simple moving average is C$34.73 and its 200-day simple moving average is C$31.32. The company has a debt-to-equity ratio of 92.76, a current ratio of 3.21 and a quick ratio of 1.08. Jamieson Wellness has a 52 week low of C$23.98 and a 52 week high of C$37.00.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of Jamieson Wellness from C$32.50 to C$36.25 in a research report on Friday, August 9th. TD Securities lifted their price target on shares of Jamieson Wellness from C$40.00 to C$42.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada raised their price target on shares of Jamieson Wellness from C$37.00 to C$38.00 in a research report on Friday, November 8th. BMO Capital Markets boosted their price objective on Jamieson Wellness from C$35.00 to C$42.00 in a report on Friday, August 9th. Finally, National Bankshares upped their target price on Jamieson Wellness from C$36.50 to C$42.00 in a research report on Monday.

Insiders Place Their Bets

In related news, Senior Officer Regan Stewart sold 6,300 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$35.69, for a total value of C$224,847.00. Also, Director Michael Al Pilato sold 24,465 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$33.41, for a total transaction of C$817,380.54. In the last 90 days, insiders sold 32,402 shares of company stock worth $1,100,612. 0.26% of the stock is currently owned by insiders.

About Jamieson Wellness

Jamieson Wellness Inc, together with its subsidiaries, develops, manufactures, distributes, markets, and sells of branded and customer branded health products for humans in Canada, the United States, China and internationally. It operates through two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment manufactures, distributes, and markets branded natural health products including vitamins, minerals, and supplements.