Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report)’s share price rose 0.3% on Friday . The stock traded as high as $16.58 and last traded at $16.27. Approximately 4,242 shares were traded during trading, a decline of 4% from the average daily volume of 4,426 shares. The stock had previously closed at $16.21.
Shoprite Trading Up 0.3 %
The company’s 50-day moving average price is $16.79 and its two-hundred day moving average price is $16.40.
Shoprite Increases Dividend
The company also recently declared a dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 30th were given a dividend of $0.1787 per share. This is an increase from Shoprite’s previous dividend of $0.10. The ex-dividend date of this dividend was Friday, September 27th. This represents a yield of 1.61%. Shoprite’s dividend payout ratio (DPR) is presently 60.55%.
About Shoprite
Shoprite Holdings Ltd, an investment holding company, primarily engages in the food retailing business in South Africa and internationally. The company operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating segments. It also offers clothing, general merchandise, cosmetics, and liquor products; furniture and home entertainment products; and electrical and household appliances.
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