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

Jamieson Wellness Inc. (TSE:JWEL) declared a quarterly dividend on Friday, November 29th,TickerTech Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Jamieson Wellness’s previous quarterly dividend of $0.19.

Jamieson Wellness Price Performance

TSE JWEL opened at C$36.96 on Thursday. The company has a 50 day simple moving average of C$34.79 and a 200-day simple moving average of C$31.39. The firm has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 42.94 and a beta of 0.63. Jamieson Wellness has a 52-week low of C$23.98 and a 52-week high of C$37.24. The company has a debt-to-equity ratio of 92.76, a current ratio of 3.21 and a quick ratio of 1.08.

Insider Buying and Selling at Jamieson Wellness

In other Jamieson Wellness news, Senior Officer Regan Stewart sold 6,300 shares of the firm’s stock in a transaction 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 business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$33.41, for a total value of C$817,380.54. Insiders sold 32,402 shares of company stock valued at $1,100,612 in the last quarter. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

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

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.