Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Shareholders to Collect $1.95 Dividend

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) declared a dividend on Thursday, November 12th. Investors of record on Monday, November 23rd will be given a dividend of $1.95 per share on Friday, December 4th. The ex-dividend date of this dividend is Monday, November 23rd.

Chagee Price Performance

Chagee stock traded up $0.74 during mid-day trading on Friday, hitting $14.25. The company’s stock had a trading volume of 943,688 shares, compared to its average volume of 708,096. The firm’s 50 day moving average is $12.06 and its 200 day moving average is $11.17. The company has a market cap of $2.61 billion, a PE ratio of 14.12 and a beta of 1.31. Chagee has a 52-week low of $8.98 and a 52-week high of $16.56.

Chagee (NASDAQ:CHA) last announced its quarterly earnings data on Friday, August 28th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Chagee had a return on equity of 16.43% and a net margin of 10.23%. The firm had revenue of $502.59 million during the quarter. As a group, analysts forecast that Chagee will post 1.31 EPS for the current year.

Chagee Company Profile

Chagee, also known as 霸王茶姬, is a China-based tea beverage company that develops and sells freshly prepared drinks made with tea. Its menu includes tea lattes and other milk tea and fruit tea beverages, with an emphasis on brewed tea and tea-forward flavors. Founded in 2017 by Zhang Junjie, who serves as the company’s chairman and chief executive officer, Chagee operates a network of branded teahouses. The company serves customers primarily in China and has expanded into selected Southeast Asian markets.