SWATCH GRP AG/ADR Declares Annual Dividend of $0.23 (SWGAY)

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SWATCH GRP AG/ADR (OTCMKTS:SWGAY) announced an annual dividend on Tuesday, May 14th, Zacks reports. Investors of record on Tuesday, May 28th will be paid a dividend of 0.227 per share on Thursday, June 13th. This represents a yield of 1.65%. The ex-dividend date of this dividend is Friday, May 24th.

Shares of SWGAY opened at $13.70 on Friday. SWATCH GRP AG/ADR has a 1-year low of $13.42 and a 1-year high of $25.30.

Separately, Morgan Stanley raised shares of SWATCH GRP AG/ADR from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. SWATCH GRP AG/ADR presently has a consensus rating of “Hold”.

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The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. The company operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry.

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