Hammond Power Solutions (OTCMKTS:HMDPF) Stock Price Up 1% – Here’s Why

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) rose 1% during trading on Wednesday . The company traded as high as C$96.95 and last traded at C$96.88. Approximately 597 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 1,952 shares. The stock had previously closed at C$95.95.

Hammond Power Solutions Stock Up 1.0 %

The company has a 50 day simple moving average of C$99.01 and a two-hundred day simple moving average of C$87.92.

Hammond Power Solutions Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.2032 per share. This represents a yield of 0.9%. This is a boost from Hammond Power Solutions’s previous dividend of $0.20. The ex-dividend date of this dividend was Friday, September 20th. Hammond Power Solutions’s dividend payout ratio (DPR) is presently 58.97%.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc, together with its subsidiaries, engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India. It offers custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers, and standard electrical transformers to the electrical and electronic industries.