Tabcorp Holdings Limited (OTCMKTS:TACBY) Announces Dividend Increase – $6.31 Per Share

Tabcorp Holdings Limited (OTCMKTS:TACBYGet Rating) announced a dividend on Wednesday, June 22nd, reports. Stockholders of record on Thursday, June 30th will be given a dividend of 6.3065 per share on Tuesday, June 28th. This represents a dividend yield of 45.71%. The ex-dividend date is Wednesday, June 29th. This is a boost from Tabcorp’s previous dividend of $0.08.

TACBY opened at $14.18 on Thursday. Tabcorp has a 12-month low of $5.78 and a 12-month high of $15.22. The stock has a fifty day moving average of $8.23 and a 200-day moving average of $7.67.

Several brokerages recently issued reports on TACBY. Jefferies Financial Group began coverage on Tabcorp in a report on Monday, May 23rd. They set a “hold” rating for the company. The Goldman Sachs Group lowered Tabcorp from a “buy” rating to a “neutral” rating in a report on Wednesday, May 25th. Finally, CLSA lowered Tabcorp from a “buy” rating to an “underperform” rating in a report on Wednesday, May 25th.

About Tabcorp (Get Rating)

Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. The company's Lotteries and Keno segment is involved in the lottery operations. It has various game brands, including Set for Life, Powerball, Oz Lotto, TattsLotto, Saturday Lotto, Gold Lotto, X Lotto, Monday and Wednesday Lotto, Lucky Lotteries, Lotto Strike, Super 66, Keno, and Instant Scratch-Its.

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