Absa Group (OTCMKTS:AGRPY) Shares Cross Above 50 Day Moving Average – Time to Sell?

Absa Group Limited (OTCMKTS:AGRPY)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $21.16 and traded as high as $22.53. Absa Group shares last traded at $22.53, with a volume of 242 shares changing hands.

Absa Group Stock Up 0.1%

The stock has a 50 day moving average of $21.16 and a 200-day moving average of $19.70.

Absa Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were paid a $0.6896 dividend. The ex-dividend date was Friday, September 12th. This represents a yield of 648.0%. This is an increase from Absa Group’s previous dividend of $0.61. Absa Group’s dividend payout ratio (DPR) is presently 46.51%.

About Absa Group

Absa Group Limited, together with its subsidiaries, provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally. It offers retail and business banking products and services; life and non-life insurance products; residential property-related finance solutions; mortgages; vehicle and asset finance products and services; cash, debit, credit and prepaid cards; personal loans; corporate, relationship and transactional banking services; mobile payments; and savings and investment products and services.