ENN Energy Holdings Limited (OTCMKTS:XNGSY) Plans Dividend Increase – $1.20 Per Share


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ENN Energy Holdings Limited (OTCMKTS:XNGSY) declared an annual dividend on Tuesday, April 6th, Zacks reports. Investors of record on Thursday, May 13th will be paid a dividend of 1.195 per share on Friday, August 6th. This represents a yield of 1.84%. The ex-dividend date is Wednesday, May 12th. This is a positive change from ENN Energy’s previous annual dividend of $0.81.

Shares of XNGSY stock opened at $64.85 on Thursday. ENN Energy has a 12-month low of $38.85 and a 12-month high of $70.95. The firm has a market capitalization of $18.30 billion, a price-to-earnings ratio of 22.21 and a beta of 0.82. The business has a 50 day simple moving average of $63.34 and a 200 day simple moving average of $56.58. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.60 and a quick ratio of 0.56.

Separately, Zacks Investment Research lowered ENN Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, March 17th.

About ENN Energy

ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructures; and integrated energy, and vehicle and ship refueling stations in the People's Republic of China. It operates through Retail Gas Sales Business, Sales of Integrated Energy and Services, Wholesale of Gas, Construction and Installation, and Value Added Business segments.

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