Nam Tai Property Inc. (NTP) Plans Dividend Increase – $0.07 Per Share
Nam Tai Property Inc. (NYSE:NTP) declared a quarterly dividend on Tuesday, November 29th. Investors of record on Friday, March 31st will be paid a dividend of 0.07 per share on Thursday, April 20th. This represents a $0.28 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Wednesday, March 29th. This is a positive change from Nam Tai Property’s previous quarterly dividend of $0.02.
Shares of Nam Tai Property (NYSE:NTP) traded up 1.94% during trading on Tuesday, hitting $7.90. The company had a trading volume of 96,708 shares. The stock has a 50-day moving average of $7.78 and a 200 day moving average of $6.87. The stock’s market capitalization is $291.09 million. Nam Tai Property has a 12-month low of $4.70 and a 12-month high of $9.59.
Nam Tai Property (NYSE:NTP) last posted its earnings results on Monday, October 31st. The company reported ($0.04) EPS for the quarter. Nam Tai Property had a negative net margin of 439.83% and a negative return on equity of 3.41%.
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About Nam Tai Property
Nam Tai Property Inc, formerly Nam Tai Electronics, Inc, is engaged in the property development and management business. The Company is focused on redeveloping approximately two parcels of land in Gushu and Guangming, Shenzhen in China, by converting its over two parcels of land that formally housed its manufacturing facilities into commercial complexes.
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