Jamieson Wellness Inc. (TSE:JWEL) Raises Dividend to $0.21 Per Share

Jamieson Wellness Inc. (TSE:JWEL) announced 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 2.28%. The ex-dividend date is Friday, November 29th. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.19.

Jamieson Wellness Trading Up 1.2 %

JWEL stock traded up C$0.42 during trading on Wednesday, hitting C$36.88. The company had a trading volume of 17,702 shares, compared to its average volume of 60,577. The company has a current ratio of 3.21, a quick ratio of 1.08 and a debt-to-equity ratio of 92.76. The business has a 50-day moving average of C$34.79 and a 200-day moving average of C$31.39. Jamieson Wellness has a one year low of C$23.98 and a one year high of C$37.00. The stock has a market cap of C$1.53 billion, a PE ratio of 42.94 and a beta of 0.63.

Wall Street Analysts Forecast Growth

JWEL has been the topic of several research reports. BMO Capital Markets upped their price objective on shares of Jamieson Wellness from C$35.00 to C$42.00 in a report on Friday, August 9th. TD Securities raised their target price on Jamieson Wellness from C$40.00 to C$42.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada upped their price target on shares of Jamieson Wellness from C$37.00 to C$38.00 in a research note on Friday, November 8th. 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. Finally, National Bankshares upped their target price on Jamieson Wellness from C$36.50 to C$42.00 in a research note on Monday.

Insider Activity at Jamieson Wellness

In other Jamieson Wellness news, Director Michael Al Pilato sold 24,465 shares of the firm’s stock in a transaction that occurred 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. Also, Senior Officer Regan Stewart sold 6,300 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$35.69, for a total transaction of C$224,847.00. Insiders have sold a total of 32,402 shares of company stock worth $1,100,612 over the last quarter. Company insiders own 0.26% of the company’s stock.

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.