Vodacom Group (OTCMKTS:VDMCY) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Vodacom Group Limited (OTCMKTS:VDMCY)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.15 and traded as low as $5.68. Vodacom Group shares last traded at $5.69, with a volume of 10,493 shares changing hands.

Vodacom Group Stock Performance

The firm has a 50 day moving average price of $6.11 and a two-hundred day moving average price of $5.68.

Vodacom Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 29th will be given a $0.1634 dividend. The ex-dividend date is Friday, November 29th. This is a boost from Vodacom Group’s previous dividend of $0.10. Vodacom Group’s dividend payout ratio (DPR) is 42.59%.

Vodacom Group Company Profile

Vodacom Group Limited operates as a connectivity, digital, and financial services company in South Africa and internationally. It offers range of communication services, including data, mobile and fixed voice, messaging, financial services, enterprise IT, and converged services. The company also provides mobile and fixed line connectivity solutions, as well as internet and virtual private network services to its customers over various wireless, fixed-line, satellite, mobile, and converged technologies; and cloud hosting and security services comprising infrastructure as a service, platform as a service, software as a service, security services, hosted applications, and primary and direct connectivity to all hyperscalers.