Vodacom Group (OTCMKTS:VDMCY) Stock Passes Below 50 Day Moving Average – Here’s Why

Shares of Vodacom Group Limited (OTCMKTS:VDMCY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.96 and traded as low as $7.8925. Vodacom Group shares last traded at $8.02, with a volume of 19,781 shares.

Vodacom Group Trading Down 2.6%

The firm’s fifty day moving average price is $7.96 and its two-hundred day moving average price is $7.88.

Vodacom Group Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were paid a dividend of $0.1357 per share. The ex-dividend date was Friday, November 28th. This represents a yield of 321.0%. Vodacom Group’s payout ratio is currently 42.59%.

About Vodacom Group

Vodacom Group Limited operates as a connectivity, digital, and financial services company in South Africa and internationally. It offers range of communication services, including data, mobile and fixed voice, messaging, financial services, enterprise IT, and converged services. The company also provides mobile and fixed line connectivity solutions, as well as internet and virtual private network services to its customers over various wireless, fixed-line, satellite, mobile, and converged technologies; and cloud hosting and security services comprising infrastructure as a service, platform as a service, software as a service, security services, hosted applications, and primary and direct connectivity to all hyperscalers.