SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Stock Price Down 0.2% – What’s Next?

SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) shares traded down 0.2% during mid-day trading on Thursday . The stock traded as low as $25.27 and last traded at $25.27. 965 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 3,597 shares. The stock had previously closed at $25.31.

SWK Holdings Co. 9.00% Senior Notes due 2027 Stock Performance

The stock’s fifty day moving average is $25.42 and its 200-day moving average is $25.48.

SWK Holdings Co. 9.00% Senior Notes due 2027 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend was Monday, June 15th.

SWK Holdings Company is the indirect parent of Formica Corporation and related surfacing businesses. The company’s primary business activities center on the design, manufacturing and distribution of decorative surfacing materials for residential, commercial and industrial applications. Its product lines include high-pressure laminate, engineered quartz and solid surface sheets used in countertops, wall panels and furniture surfaces.

Under brands such as Formica® and Resopal®, SWK Holdings serves cabinet, furniture and flooring manufacturers, as well as commercial distributors.