China Shenhua Energy – (OTCMKTS:CSUAY) Announces Dividend Increase – $0.59 Per Share
China Shenhua Energy – (OTCMKTS:CSUAY) announced an annual dividend on Friday, May 22nd, Zacks reports. Investors of record on Thursday, June 4th will be paid a dividend of 0.589 per share on Friday, August 14th. This represents a dividend yield of 8.49%. The ex-dividend date is Wednesday, June 3rd. This is a boost from China Shenhua Energy’s previous annual dividend of $0.42.
Shares of China Shenhua Energy stock opened at $7.34 on Tuesday. The business’s fifty day moving average price is $6.99 and its two-hundred day moving average price is $7.41. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.83 and a quick ratio of 1.70. The company has a market capitalization of $36.25 billion, a P/E ratio of 5.78 and a beta of 0.43. China Shenhua Energy has a 1-year low of $6.00 and a 1-year high of $8.85.
Several analysts have weighed in on CSUAY shares. ValuEngine downgraded China Shenhua Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 24th. Zacks Investment Research downgraded China Shenhua Energy from a “hold” rating to a “sell” rating in a research note on Thursday, May 28th.
China Shenhua Energy Company Limited, together with its subsidiaries, engages in coal, power, railway, port, shipping, and coal chemical businesses in the People's Republic of China and internationally. The company's Coal segment produces coal from surface and underground mines; and sells coal to power plants, metallurgical and coal chemical producers, and provincial/regional electric grid companies.
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