Jamieson Wellness Inc. (JWEL) to Issue Quarterly Dividend of $0.21 on December 13th

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 paid a dividend of 0.21 per share on Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Friday, November 29th. This is an increase from Jamieson Wellness’s previous quarterly dividend of $0.19.

Jamieson Wellness Stock Performance

JWEL stock traded up C$0.42 on Wednesday, reaching C$36.88. 17,702 shares of the company were exchanged, compared to its average volume of 60,577. The firm has a market capitalization of C$1.53 billion, a PE ratio of 42.94 and a beta of 0.63. Jamieson Wellness has a 12 month low of C$23.98 and a 12 month high of C$37.00. The stock’s fifty day moving average price is C$34.79 and its 200 day moving average price is C$31.39. The company has a debt-to-equity ratio of 92.76, a current ratio of 3.21 and a quick ratio of 1.08.

Insiders Place Their Bets

In other Jamieson Wellness 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 6,300 shares of Jamieson Wellness 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. Insiders have sold 32,402 shares of company stock valued at $1,100,612 in the last 90 days. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

JWEL has been the topic of several research analyst reports. Canaccord Genuity Group upped their price objective on shares of Jamieson Wellness from C$32.50 to C$36.25 in a research note on Friday, August 9th. BMO Capital Markets raised their target price on shares of Jamieson Wellness from C$35.00 to C$42.00 in a research note on Friday, August 9th. National Bankshares boosted their price target on shares of Jamieson Wellness from C$36.50 to C$42.00 in a research note on Monday. TD Securities raised their price objective on shares of Jamieson Wellness from C$40.00 to C$42.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada upped their price objective on Jamieson Wellness from C$37.00 to C$38.00 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.