Techtronic Industries Co. (OTCMKTS:TTNDY) to Issue Dividend Increase – $0.78 Per Share

Techtronic Industries Co. (OTCMKTS:TTNDY) announced a dividend on Saturday, August 30th, investing.com reports. Investors of record on Thursday, September 4th will be given a dividend of 0.7762 per share on Monday, September 29th. This represents a dividend yield of 231.0%. The ex-dividend date is Wednesday, September 3rd. This is a 4.9% increase from Techtronic Industries’s previous dividend of $0.74.

Techtronic Industries Trading Up 1.1%

Shares of OTCMKTS:TTNDY opened at $65.09 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.57 and a quick ratio of 0.74. The firm has a 50 day simple moving average of $59.91 and a 200 day simple moving average of $58.73. Techtronic Industries has a one year low of $44.44 and a one year high of $78.85.

Analyst Ratings Changes

Separately, CLSA raised shares of Techtronic Industries to a “strong-buy” rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Techtronic Industries Company Profile

Techtronic Industries Company Limited engages in the design, manufacture, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products in the North America, Europe, and internationally. The company operates through Power Equipment, and Floorcare & Cleaning Segments. It offers power tools, power tool accessories, outdoor products, and outdoor product accessories under the MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, and HART brands, as well as to original equipment manufacturer (OEM) customers.