Shares of Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) rose 0.2% during mid-day trading on Thursday . The stock traded as high as $12.30 and last traded at $12.03. Approximately 2,784 shares changed hands during trading, an increase of 53% from the average daily volume of 1,816 shares. The stock had previously closed at $12.00.
Shoprite Stock Performance
The company has a 50-day moving average of $13.55 and a 200-day moving average of $13.64.
Shoprite Cuts Dividend
The company also recently declared a dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a dividend of $0.0995 per share. The ex-dividend date was Wednesday, March 27th. Shoprite’s dividend payout ratio is currently 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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