Sinopec Shanghai Petrochemical Announces Annual Dividend of $0.82

Sinopec Shanghai Petrochemical (NYSE:SHI) announced a annual dividend on Monday, October 7th, Analyst RN reports. Investors of record on Thursday, October 24th will be paid a dividend of $0.8168 per share on Monday, December 16th. This represents a dividend yield of 2.1%. The ex-dividend date is Tuesday, October 22nd.

On a related note, analysts at JPMorgan Chase & Co. initiated coverage on shares of Sinopec Shanghai Petrochemical in a research note to investors on Monday, September 16th. They set an “overweight” rating on the stock.

Sinopec Shanghai Petrochemical (NYSE:SHI) opened at 38.81 on Tuesday. Sinopec Shanghai Petrochemical has a 52 week low of $27.67 and a 52 week high of $48.24. The stock’s 50-day moving average is $37.10 and its 200-day moving average is $35.30. The company has a market cap of $3.739 billion and a P/E ratio of 194.05.

Sinopec Shanghai Petrochemical Company Limited is a China-based petrochemicals company. The Company’s integrated petrochemical complex processes crude oil into a range of products, including synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products.