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

Jamieson Wellness Inc. (TSE:JWEL) announced 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 2.29%. 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 traded up C$0.29 during trading on Wednesday, reaching C$36.75. 15,402 shares of the company were exchanged, compared to its average volume of 60,506. Jamieson Wellness has a 52 week low of C$23.98 and a 52 week high of C$37.00. The company has a current ratio of 3.21, a quick ratio of 1.08 and a debt-to-equity ratio of 92.76. The firm has a 50 day moving average of C$34.73 and a 200 day moving average of C$31.32. The stock has a market cap of C$1.52 billion, a P/E ratio of 42.33 and a beta of 0.63.

Analysts Set New Price Targets

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

Insider Activity at Jamieson Wellness

In other news, Senior Officer Regan Stewart sold 6,300 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$35.69, for a total transaction of C$224,847.00. Also, Director Michael Al Pilato sold 24,465 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$33.41, for a total value of C$817,380.54. Insiders sold 32,402 shares of company stock valued at $1,100,612 over the last 90 days. 0.26% of the stock is currently owned by corporate 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.