LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) to Issue Dividend Increase – $1.62 Per Share

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) announced a dividend on Monday, March 24th, NASDAQ Dividends reports. Shareholders of record on Wednesday, April 23rd will be paid a dividend of 1.6206 per share on Tuesday, May 13th. The ex-dividend date is Wednesday, April 23rd. This is a 37.2% increase from LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s previous dividend of $1.18.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Stock Performance

OTCMKTS LVMUY opened at $129.12 on Wednesday. The firm’s fifty day moving average is $141.30 and its two-hundred day moving average is $136.03. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a one year low of $119.56 and a one year high of $183.65.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LVMUY shares. Hsbc Global Res upgraded LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Kepler Capital Markets raised shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. HSBC upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “buy” rating in a research report on Monday, December 2nd. Finally, Bank of America raised shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “neutral” rating to a “buy” rating in a report on Thursday, January 16th. Three investment analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

About LVMH Moët Hennessy – Louis Vuitton, Société Européenne

LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.