Shares of Lenovo Group Limited (OTCMKTS:LNVGF – Get Free Report) fell 8.8% on Tuesday . The company traded as low as $1.25 and last traded at $1.25. 1,900 shares were traded during trading, a decline of 97% from the average session volume of 57,825 shares. The stock had previously closed at $1.37.
Lenovo Group Stock Performance
The firm’s 50-day simple moving average is $1.23 and its two-hundred day simple moving average is $1.27.
Lenovo Group Increases Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a dividend yield of 3.89%. This is a positive change from Lenovo Group’s previous dividend of $0.08. Lenovo Group’s dividend payout ratio (DPR) is presently 36.14%.
Lenovo Group Company Profile
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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