LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Announces Dividend Increase – $1.61 Per Share

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) declared a dividend on Thursday, April 11th, NASDAQ reports. Shareholders of record on Monday, April 22nd will be given a dividend of 1.6107 per share on Friday, May 10th. The ex-dividend date is Friday, April 19th. This is a boost from LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s previous dividend of $1.20.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Price Performance

LVMUY stock opened at $170.75 on Thursday. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a 52 week low of $138.11 and a 52 week high of $200.76. The company’s 50-day simple moving average is $179.05 and its 200 day simple moving average is $162.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.32.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. HSBC cut shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Barclays upgraded LVMH Moët Hennessy – Louis Vuitton, Société Européenne from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, LVMH Moët Hennessy – Louis Vuitton, Société Européenne currently has a consensus rating of “Hold”.

About LVMH Moët Hennessy – Louis Vuitton, Société Européenne

LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.