Elders (OTCMKTS:EDESY) Trading Down 5.8% – What’s Next?

Elders Limited (OTCMKTS:EDESY) shares were down 5.8% on Friday . The company traded as low as $24.50 and last traded at $24.50. Approximately 100 shares were traded during trading, The stock had previously closed at $26.00.

Elders Stock Performance

The company’s 50 day moving average is $26.73 and its 200-day moving average is $28.52.

Elders Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, February 10th. Shareholders of record on Wednesday, December 18th will be issued a dividend of $0.4101 per share. This is a positive change from Elders’s previous dividend of $0.30. The ex-dividend date of this dividend is Wednesday, December 18th.

About Elders

Elders Limited provides agricultural products and services to rural and regional customers primarily in Australia. The company operates through Branch Network, Wholesale Products, and Feed and Processing Services segments. It supplies rural farm inputs, such as seeds, fertilizers, agricultural chemicals, animal health products, and general rural merchandise, as well as professional production and cropping advisory services; and provides retail services through corporate owned stores and through the Ag, Horse, and Pet brand names to independently owned member stores.