0.6277
price down icon3.87%   -0.0253
 
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Why is J-Long Group Ltd (JL) Stock down?

We've noticed a 5.15% decline in J-Long Group Ltd (JL) stock during the 2024-05-22 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
04 Mar, 2024:

J-Long Group (JL) stock fell by 8.66% due to the company's announcement of a special dividend. This dividend led to investors' stock selling, as there were concerns about the stock's performance. Here are the detils:

  • The company's board of directors declared a special dividend of US$6,000,000.00, payable to all holders of record as of March 11, 2024, of its outstanding shares of common stock. The special dividend is scheduled to be paid on March 12, 2024.
  • The announcement of the special dividend may have led to a decline in the stock price, as investors may interpret the distribution of funds as a signal that the company is not reinvesting those funds into growth opportunities or that future earnings may not be as strong. Investors often view dividend payments as a use of funds that could otherwise be used for expansion or other value-creating activities.
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