ENN Energy Holdings Limited (OTCMKTS:XNGSY) to Issue Dividend Increase – $1.20 Per Share

ENN Energy Holdings Limited (OTCMKTS:XNGSY) declared 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 is Wednesday, May 12th. This is a positive change from ENN Energy’s previous annual dividend of $0.81.

OTCMKTS:XNGSY opened at $64.85 on Thursday. ENN Energy has a 1 year low of $38.85 and a 1 year high of $70.95. The firm has a 50 day moving average of $63.34 and a 200-day moving average of $56.58. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $18.30 billion, a P/E ratio of 22.21 and a beta of 0.82.

Separately, Zacks Investment Research cut shares of 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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