ENN Energy Holdings Limited (OTCMKTS:XNGSY) Increases Dividend to $1.20 Per Share

ENN Energy Holdings Limited (OTCMKTS:XNGSY) announced an annual dividend on Tuesday, April 6th, Zacks reports. Stockholders of record on Thursday, May 13th will be given a dividend of 1.195 per share on Friday, August 6th. This represents a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, May 12th. This is a positive change from ENN Energy’s previous annual dividend of $0.81.

ENN Energy stock opened at $64.85 on Thursday. ENN Energy has a 12 month low of $38.85 and a 12 month high of $70.95. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.60 and a quick ratio of 0.56. The business has a 50 day simple moving average of $63.34 and a 200-day simple moving average of $56.58. The stock has a market capitalization of $18.30 billion, a PE ratio of 22.21 and a beta of 0.82.

Separately, Zacks Investment Research cut ENN Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, March 17th.

About ENN Energy

ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructures; and integrated energy, and vehicle and ship refueling stations in the People's Republic of China. It operates through Retail Gas Sales Business, Sales of Integrated Energy and Services, Wholesale of Gas, Construction and Installation, and Value Added Business segments.

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