Vodacom Group (OTCMKTS:VDMCY) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Vodacom Group Limited (OTCMKTS:VDMCY)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.60 and traded as low as $5.56. Vodacom Group shares last traded at $5.65, with a volume of 43,166 shares.

Vodacom Group Trading Up 3.1 %

The business’s 50-day simple moving average is $5.60 and its 200 day simple moving average is $5.83.

Vodacom Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were paid a $0.1634 dividend. This is an increase from Vodacom Group’s previous dividend of $0.10. The ex-dividend date was Friday, November 29th. Vodacom Group’s payout ratio is 42.59%.

About Vodacom Group

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.