Vodacom Group (OTCMKTS:VDMCY) Shares Cross Below Fifty Day Moving Average – What’s Next?

Shares of Vodacom Group Limited (OTCMKTS:VDMCY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 trading hands.

Vodacom Group Price Performance

The stock has a 50 day simple moving average of $6.15 and a two-hundred day simple moving average 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 paid a dividend of $0.1634 per share. This is an increase from Vodacom Group’s previous dividend of $0.10. The ex-dividend date is Friday, November 29th. Vodacom Group’s payout ratio is currently 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.