Jamieson Wellness Inc. (TSE:JWEL) Declares Dividend Increase – $0.21 Per Share

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 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Friday, November 29th. This is an increase from Jamieson Wellness’s previous quarterly dividend of $0.19.

Jamieson Wellness Trading Up 1.3 %

Shares of TSE:JWEL traded up C$0.47 during midday trading on Wednesday, reaching C$36.93. 17,502 shares of the company’s stock were exchanged, compared to its average volume of 60,571. The stock has a market cap of C$1.53 billion, a price-to-earnings ratio of 42.73 and a beta of 0.63. Jamieson Wellness has a fifty-two week low of C$23.98 and a fifty-two week high of C$37.00. The firm’s 50 day simple moving average is C$34.73 and its two-hundred day simple moving average is C$31.32. The company has a debt-to-equity ratio of 92.76, a current ratio of 3.21 and a quick ratio of 1.08.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Jamieson Wellness from C$35.00 to C$42.00 in a research note on Friday, August 9th. National Bankshares upped their price target on Jamieson Wellness from C$36.50 to C$42.00 in a report on Monday. Royal Bank of Canada lifted their price target on shares of Jamieson Wellness from C$37.00 to C$38.00 in a research note on Friday, November 8th. TD Securities boosted their price target on shares of Jamieson Wellness from C$40.00 to C$42.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Canaccord Genuity Group lifted their price objective on shares of Jamieson Wellness from C$32.50 to C$36.25 in a research report on Friday, August 9th.

Insider Activity at Jamieson Wellness

In other news, Senior Officer Regan Stewart sold 6,300 shares of the 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. Also, Director Michael Al Pilato sold 24,465 shares of Jamieson Wellness stock in a transaction 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. Insiders have sold 32,402 shares of company stock valued at $1,100,612 in the last ninety days. Insiders own 0.26% of the company’s stock.

Jamieson Wellness Company Profile

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.