Lenovo Group Limited (OTCMKTS:LNVGF – Get Free Report)’s share price rose 4% during trading on Friday . The stock traded as high as $1.17 and last traded at $1.17. Approximately 211,410 shares were traded during trading, an increase of 261% from the average daily volume of 58,549 shares. The stock had previously closed at $1.12.
Lenovo Group Trading Up 4.0 %
The company has a fifty day simple moving average of $1.27 and a two-hundred day simple moving average of $1.30.
Lenovo Group Cuts Dividend
The business also recently announced a dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were issued a $0.085 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a yield of 4.07%. Lenovo Group’s dividend payout ratio (DPR) is currently 36.14%.
About Lenovo Group
Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.
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