Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) shares dropped 0.8% on Thursday . The stock traded as low as $12.97 and last traded at $12.97. Approximately 711 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 1,697 shares. The stock had previously closed at $13.07.
Shoprite Trading Down 0.8 %
The business’s 50-day moving average price is $13.95 and its two-hundred day moving average price is $13.64.
Shoprite Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.0995 per share. The ex-dividend date is Wednesday, March 27th. Shoprite’s dividend payout ratio is 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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