tiprankstipranks
Trending News
More News >

JFE Holdings Adjusts Convertible Bond Conversion Price Following Dividend

Story Highlights
JFE Holdings Adjusts Convertible Bond Conversion Price Following Dividend

Don’t Miss TipRanks’ Half-Year Sale

JFE Holdings ( (JP:5411) ) just unveiled an announcement.

JFE Holdings announced an adjustment in the conversion price for its Zero Coupon Convertible Bonds due 2028, lowering it from ¥2,837.7 to ¥2,759.0. This adjustment follows an extraordinary dividend payment of ¥50 per share, as resolved at the company’s 23rd Ordinary General Meeting of Shareholders, impacting the bond’s terms and conditions.

The most recent analyst rating on (JP:5411) stock is a Hold with a Yen2250.00 price target. To see the full list of analyst forecasts on JFE Holdings stock, see the JP:5411 Stock Forecast page.

More about JFE Holdings

JFE Holdings, Inc. operates in the steel industry, providing a range of steel products and services. The company focuses on manufacturing and distributing steel materials, serving various sectors including construction, automotive, and infrastructure.

Average Trading Volume: 3,725,980

Technical Sentiment Signal: Sell

Current Market Cap: Yen983.5B

Find detailed analytics on 5411 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1