Jamieson Wellness Inc. (JWEL) To Go Ex-Dividend on November 29th

Jamieson Wellness Inc. (TSE:JWEL) announced a quarterly dividend on Friday, November 29th,TickerTech Dividends reports. Investors 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 yield of 2.27%. The ex-dividend date is Friday, November 29th. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.19.

Jamieson Wellness Stock Performance

JWEL traded up C$0.47 during mid-day trading on Wednesday, reaching C$36.93. 17,502 shares of the company traded hands, compared to its average volume of 60,571. The stock has a market capitalization of C$1.53 billion, a P/E ratio of 42.73 and a beta of 0.63. Jamieson Wellness has a 52-week low of C$23.98 and a 52-week high of C$37.00. The company has a quick ratio of 1.08, a current ratio of 3.21 and a debt-to-equity ratio of 92.76. The company’s fifty day moving average price is C$34.73 and its 200-day moving average price is C$31.32.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Michael Al Pilato sold 24,465 shares of the 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 transaction of C$817,380.54. Also, Senior Officer Regan Stewart sold 1,637 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$35.67, for a total transaction of C$58,384.75. Insiders have sold 32,402 shares of company stock worth $1,100,612 in the last ninety days. 0.26% of the stock is owned by company 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.