Tabcorp Holdings Limited (OTCMKTS:TACBY – Get Free Report)’s stock price dropped 12% during trading on Friday . The stock traded as low as $0.75 and last traded at $0.75. Approximately 1,700 shares traded hands during trading, an increase of 130% from the average daily volume of 740 shares. The stock had previously closed at $0.85.
Tabcorp Stock Performance
The company has a 50 day simple moving average of $0.75 and a 200 day simple moving average of $0.90.
Tabcorp Increases Dividend
The firm also recently declared a dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 4th were issued a $0.0116 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Tabcorp’s previous dividend of $0.01. Tabcorp’s dividend payout ratio is currently 87.15%.
About Tabcorp
Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. It operates through Wagering and Media, and Gaming Services segments. The Wagering and Media segment offers through a network of TAB agencies, hotels and clubs, and on-course operations, as well as through retail, Internet, mobile devices, and phone.
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