Snam (OTCMKTS:SNMRY) Trading Down 2%

Snam S.p.A. (OTCMKTS:SNMRYGet Free Report) fell 2% on Monday . The stock traded as low as $9.44 and last traded at $9.47. 49,877 shares traded hands during trading, a decline of 22% from the average session volume of 63,680 shares. The stock had previously closed at $9.67.

Snam Stock Performance

The stock’s fifty day moving average is $10.13 and its 200-day moving average is $9.90.

Snam Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 8th. Investors of record on Tuesday, January 23rd will be issued a dividend of $0.1557 per share. This represents a yield of 3.74%. The ex-dividend date is Monday, January 22nd. Snam’s payout ratio is 47.37%.

About Snam

(Get Free Report)

Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure in Italy. The company operates through Transportation, Storage, Regasification, Energy Transition, and other segments. It provides natural gas transportation and dispatching services; and owns and manages LNG regasification plants.

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