Vodacom Group (OTCMKTS:VDMCY) Shares Pass Below 50 Day Moving Average – Time to Sell?

Vodacom Group Limited (OTCMKTS:VDMCY) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.95 and traded as low as $7.7145. Vodacom Group shares last traded at $7.86, with a volume of 12,789 shares traded.

Vodacom Group Stock Performance

The firm has a 50-day moving average of $7.95 and a 200-day moving average of $7.88.

Vodacom Group Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, December 1st will be given a dividend of $0.1357 per share. The ex-dividend date is Friday, November 28th. This represents a dividend yield of 321.0%. Vodacom Group’s dividend payout ratio (DPR) is presently 42.59%.

Vodacom Group Company Profile

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.