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

Jamieson Wellness Inc. (TSE:JWEL) declared a quarterly dividend on Friday, November 29th,TickerTech Dividends reports. Shareholders 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 Price Performance

Shares of TSE:JWEL traded up C$0.31 during midday trading on Wednesday, reaching C$36.77. 16,402 shares of the company’s stock traded hands, compared to its average volume of 60,568. The company has a fifty day simple moving average of C$34.73 and a two-hundred day simple moving average of C$31.32. Jamieson Wellness has a 1 year low of C$23.98 and a 1 year high of C$37.00. The company has a market cap of C$1.53 billion, a P/E ratio of 42.73 and a beta of 0.63. The company has a debt-to-equity ratio of 92.76, a quick ratio of 1.08 and a current ratio of 3.21.

Analysts Set New Price Targets

JWEL has been the topic of a number of research reports. BMO Capital Markets raised their price objective on Jamieson Wellness from C$35.00 to C$42.00 in a report on Friday, August 9th. National Bankshares increased their price target on Jamieson Wellness from C$36.50 to C$42.00 in a research report on Monday. Canaccord Genuity Group lifted their price target on Jamieson Wellness from C$32.50 to C$36.25 in a research report on Friday, August 9th. Royal Bank of Canada raised their price target on Jamieson Wellness from C$37.00 to C$38.00 in a report on Friday, November 8th. Finally, TD Securities increased their price objective 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.

Insiders Place Their Bets

In related news, Director Michael Al Pilato sold 24,465 shares of the company’s stock in a transaction that occurred 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. Also, Senior Officer Regan Stewart sold 1,637 shares of Jamieson Wellness stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$35.67, for a total value of C$58,384.75. Over the last quarter, insiders sold 32,402 shares of company stock worth $1,100,612. 0.26% of the stock is owned by corporate 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.