Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Announces Dividend of $1.95

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

Chagee Trading Up 5.4%

CHA stock traded up $0.74 during trading hours on Friday, hitting $14.25. 943,688 shares of the stock traded hands, compared to its average volume of 708,096. The stock has a 50-day simple moving average of $12.06 and a 200 day simple moving average of $11.17. The company has a market cap of $2.61 billion, a P/E ratio of 14.12 and a beta of 1.31. Chagee has a one year low of $8.98 and a one year high of $16.56.

Chagee (NASDAQ:CHA) last issued its quarterly earnings results on Friday, August 28th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. Chagee had a net margin of 10.23% and a return on equity of 16.43%. The firm had revenue of $502.59 million for the quarter. Analysts forecast that Chagee will post 1.31 earnings per share 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.