Vodacom Group (OTCMKTS:VDMCY) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Shares of Vodacom Group Limited (OTCMKTS:VDMCY) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.57 and traded as high as $9.68. Vodacom Group shares last traded at $9.52, with a volume of 17,369 shares trading hands.

Vodacom Group Stock Up 2.4%

The business’s fifty day moving average is $8.61 and its 200 day moving average is $8.17.

Vodacom Group Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were given a dividend of $0.1357 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a dividend yield of 321.0%. Vodacom Group’s payout ratio is 42.59%.

Vodacom Group Company Profile

Vodacom Group Limited is a leading African mobile communications company offering a comprehensive range of voice, messaging, data and financial services. The company serves both consumer and enterprise markets, delivering mobile voice and data networks alongside digital solutions such as cloud computing, Internet of Things (IoT) connectivity and mobile financial services. Vodacom’s product portfolio includes prepaid and contract mobile plans, broadband internet services and a suite of digital applications designed to support e-commerce, health and educational initiatives across its markets.

Headquartered in Johannesburg, South Africa, Vodacom operates across multiple countries in sub-Saharan Africa, including South Africa, Tanzania, the Democratic Republic of the Congo, Mozambique and Kenya, with additional presence through partner networks in Lesotho and other regions.