Willamette Valley Vineyards (NASDAQ:WVVIP) Stock Price Down 3.2% – Here’s Why

Willamette Valley Vineyards, Inc. (NASDAQ:WVVIP) shares dropped 3.2% during mid-day trading on Monday . The stock traded as low as $3.01 and last traded at $3.01. Approximately 1,220 shares changed hands during trading, a decline of 63% from the average daily volume of 3,315 shares. The stock had previously closed at $3.11.

Willamette Valley Vineyards Price Performance

The business’s 50 day moving average is $3.20 and its 200 day moving average is $3.22.

Willamette Valley Vineyards Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid a dividend of $0.22 per share. This represents a dividend yield of 679.0%. The ex-dividend date is Friday, December 5th.

Willamette Valley Vineyards Company Profile

Willamette Valley Vineyards, Inc (NASDAQ:WVVIP) is a publicly traded producer of premium cool-climate wines headquartered in Turner, Oregon. The company is best known for its estate-grown Pinot Noir but also cultivates Pinot Gris, Chardonnay, Pinot Blanc and small-lot Syrah and Riesling across more than 350 planted acres in the Willamette Valley appellation. Estate sites span the Van Duzer Corridor, Chehalem Mountains and Dundee Hills, where controlled yields and site selection emphasize regional terroir.

The company’s integrated operations include vineyard management, a gravity-flow winemaking facility, barrel aging and bottling, coupled with a direct-to-consumer platform comprising tasting rooms, wine clubs and an e-commerce portal.