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

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) declared a dividend on Thursday, November 12th. Stockholders 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 5.6%

CHA stock traded up $0.76 on Friday, hitting $14.27. 994,297 shares of the company’s stock traded hands, compared to its average volume of 708,905. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 14.13 and a beta of 1.31. Chagee has a 1-year low of $8.98 and a 1-year high of $16.56. The stock has a fifty day moving average of $12.06 and a 200-day moving average of $11.17.

Chagee (NASDAQ:CHA) last posted its quarterly earnings results on Friday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. Chagee had a return on equity of 16.43% and a net margin of 10.23%. The company had revenue of $502.59 million for the quarter. On average, equities research analysts anticipate that Chagee will post 1.31 earnings per share for the current fiscal year.

Chagee Company Profile

Chagee, also known as ????, 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.