Redeia Corporación, S.A. (OTCMKTS:RDEIY) Declares $0.11 Dividend

Redeia Corporación, S.A. (OTCMKTS:RDEIY) announced a dividend on Tuesday, December 10th,NASDAQ Dividends reports. Stockholders of record on Monday, January 6th will be paid a dividend of 0.1053 per share by the utilities provider on Wednesday, January 22nd. The ex-dividend date is Monday, January 6th.

Redeia Corporación Price Performance

RDEIY stock traded down $0.05 during midday trading on Wednesday, reaching $8.81. The stock had a trading volume of 42,715 shares, compared to its average volume of 31,283. Redeia Corporación has a twelve month low of $7.68 and a twelve month high of $9.78. The business has a fifty day simple moving average of $9.01 and a two-hundred day simple moving average of $9.10.

Analyst Ratings Changes

Several brokerages have commented on RDEIY. BNP Paribas upgraded shares of Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Morgan Stanley downgraded Redeia Corporación from an “equal weight” rating to an “underweight” rating in a report on Thursday, December 5th.

Redeia Corporación Company Profile

Redeia Corporación, SA engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. The company operates through three segments: Management and Operation of National Electricity Infrastructure; Management and Operation of International Electricity Infrastructure; and Telecommunications (Satellites and Fibre Optic).