Vodacom Group (OTCMKTS:VDMCY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Vodacom Group Limited (OTCMKTS:VDMCY)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.74 and traded as low as $5.34. Vodacom Group shares last traded at $5.48, with a volume of 80,412 shares changing hands.

Vodacom Group Price Performance

The company has a 50-day moving average price of $5.74 and a 200-day moving average price of $5.80.

Vodacom Group Increases Dividend

The company also recently declared a dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were paid a dividend of $0.1634 per share. This is a boost from Vodacom Group’s previous dividend of $0.10. The ex-dividend date of this dividend was Friday, November 29th. Vodacom Group’s dividend payout ratio (DPR) 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.