SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Stock Price Down 0.3% – Here’s What Happened

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL)’s stock price traded down 0.3% during trading on Thursday . The stock traded as low as $25.28 and last traded at $25.3640. 4,250 shares were traded during trading, an increase of 17% from the average session volume of 3,618 shares. The stock had previously closed at $25.43.

SWK Holdings Co. 9.00% Senior Notes due 2027 Stock Up 0.3%

The business has a fifty day moving average of $25.35 and a two-hundred day moving average of $25.46.

SWK Holdings Co. 9.00% Senior Notes due 2027 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.5625 per share. The ex-dividend date was Monday, June 15th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 8.8%.

SWK Holdings Company is the indirect parent of Formica Corporation and related surfacing businesses. The company’s primary business activities center on the design, manufacturing and distribution of decorative surfacing materials for residential, commercial and industrial applications. Its product lines include high-pressure laminate, engineered quartz and solid surface sheets used in countertops, wall panels and furniture surfaces.

Under brands such as Formica® and Resopal®, SWK Holdings serves cabinet, furniture and flooring manufacturers, as well as commercial distributors.