Hammond Power Solutions (OTCMKTS:HMDPF) Trading Up 5.3% – Here’s What Happened

Hammond Power Solutions Inc. (OTCMKTS:HMDPFGet Free Report)’s share price shot up 5.3% on Tuesday . The company traded as high as C$83.68 and last traded at C$83.68. 2,175 shares traded hands during trading, a decline of 28% from the average session volume of 3,008 shares. The stock had previously closed at C$79.47.

Hammond Power Solutions Price Performance

The firm has a fifty day moving average of C$90.46 and a 200-day moving average of C$90.12.

Hammond Power Solutions Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 16th were paid a $0.1955 dividend. The ex-dividend date was Friday, December 13th. This represents a dividend yield of 0.83%. Hammond Power Solutions’s dividend payout ratio (DPR) is currently 58.97%.

Hammond Power Solutions Company Profile

(Get Free Report)

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.

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