SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Shares Up 0% – Should You Buy?

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) shares rose 0% during trading on Wednesday . The company traded as high as $25.54 and last traded at $25.5010. 4,082 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 3,388 shares. The stock had previously closed at $25.49.

SWK Holdings Co. 9.00% Senior Notes due 2027 Price Performance

The business has a fifty day simple moving average of $25.36 and a 200-day simple moving average of $25.42.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.