Pennon Group (OTCMKTS:PEGRY) Shares Cross Below 50-Day Moving Average – Here’s Why

Shares of Pennon Group Plc (OTCMKTS:PEGRYGet Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.26 and traded as low as $10.02. Pennon Group shares last traded at $10.16, with a volume of 22,234 shares traded.

Pennon Group Stock Down 3.4 %

The company’s 50 day moving average price is $13.26 and its 200 day moving average price is $14.57.

Pennon Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were paid a $2.945 dividend. This represents a dividend yield of 27.17%. The ex-dividend date was Friday, February 21st. This is a boost from Pennon Group’s previous dividend of $0.37. Pennon Group’s dividend payout ratio (DPR) is 29.39%.

Pennon Group Company Profile

(Get Free Report)

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.

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