Jollibee Foods (OTCMKTS:JBFCY) Stock Price Down 3.8% – Here’s What Happened

Jollibee Foods Co. (OTCMKTS:JBFCY)’s share price traded down 3.8% on Wednesday . The company traded as low as $16.75 and last traded at $16.75. 2,099 shares traded hands during mid-day trading, an increase of 304% from the average session volume of 520 shares. The stock had previously closed at $17.41.

Jollibee Foods Trading Down 3.8 %

The business’s fifty day simple moving average is $17.95 and its 200-day simple moving average is $17.29.

Jollibee Foods Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 26th. Investors of record on Monday, November 25th were issued a dividend of $0.1241 per share. This is a boost from Jollibee Foods’s previous dividend of $0.05. The ex-dividend date was Monday, November 25th. Jollibee Foods’s dividend payout ratio is 9.97%.

About Jollibee Foods

Jollibee Foods Corporation develops, operates, and franchises quick service restaurants. The company operates quick-service restaurants under the Jollibee, Chowking, Greenwich, Red Ribbon, Yong He King, Hong Zhuang Yuan, Mang Inasal, Burger King, Highlands Coffee, PHO24, Smashburger, Tim Ho Wan, Tortazo, The Coffee Bean & Tea Leaf, Yoshinoya, Milksha, and Panda Express names in the Philippines, the United States, Canada, the People's Republic of China, the United Kingdom, Italy, Spain, Vietnam, Brunei, Singapore, Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, Bahrain, Indonesia, Costa Rica, Egypt, Panama, Malaysia, South Korea, Australia, and India.