Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) shares fell 0.8% during mid-day trading on Thursday . The stock traded as low as $12.97 and last traded at $12.97. 711 shares changed hands during trading, a decline of 58% from the average session volume of 1,697 shares. The stock had previously closed at $13.07.
Shoprite Trading Down 0.8 %
The firm’s 50-day moving average price is $13.95 and its 200 day moving average price is $13.64.
Shoprite Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, April 12th. Shareholders of record on Thursday, March 28th will be paid a $0.0995 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. Shoprite’s payout ratio is currently 60.55%.
About Shoprite
Shoprite Holdings Ltd, an investment holding company, primarily engages in the food retailing business in South Africa and internationally. The company operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating segments. It also offers clothing, general merchandise, cosmetics, and liquor products; furniture and home entertainment products; and electrical and household appliances.
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