LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Plans Dividend Increase – $1.62 Per Share

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) announced a dividend on Monday, March 24th, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 23rd will be paid a dividend of 1.6206 per share on Tuesday, May 13th. The ex-dividend date of this dividend is Wednesday, April 23rd. This is a 37.2% increase from LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s previous dividend of $1.18.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Stock Down 0.7 %

OTCMKTS:LVMUY traded down $0.90 during trading hours on Monday, reaching $128.99. 395,107 shares of the company traded hands, compared to its average volume of 374,156. The business’s 50-day moving average price is $141.50 and its two-hundred day moving average price is $136.13. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a 1 year low of $119.56 and a 1 year high of $183.65.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LVMUY shares. Hsbc Global Res upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Bank of America upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “neutral” rating to a “buy” rating in a report on Thursday, January 16th. HSBC upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “buy” rating in a report on Monday, December 2nd. Finally, Kepler Capital Markets raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. Three analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Company Profile

LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.