NINE DRAGONS PA/ADR (NDGPY) Announces Dividend Increase – $1.11 Per Share

NINE DRAGONS PA/ADR (OTCMKTS:NDGPY) announced a Semi-Annual dividend on Wednesday, October 31st, Zacks reports. Stockholders of record on Friday, December 14th will be given a dividend of 1.105 per share on Monday, January 28th. The ex-dividend date is Thursday, December 13th. This is a boost from NINE DRAGONS PA/ADR’s previous Semi-Annual dividend of $0.28.

Shares of OTCMKTS NDGPY traded down $0.17 during mid-day trading on Friday, reaching $20.61. 228 shares of the company were exchanged, compared to its average volume of 129. NINE DRAGONS PA/ADR has a twelve month low of $17.99 and a twelve month high of $36.41.

Separately, ValuEngine upgraded shares of NINE DRAGONS PA/ADR from a “sell” rating to a “hold” rating in a research note on Wednesday.

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Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, manufactures and sells packaging paper, recycled printing and writing paper, and specialty paper products in the People's Republic of China. The company offers linerboard products, including Kraft, test, white top, and coated linerboards; and high performance corrugating medium and coated duplex boards.

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