Shares of Lenovo Group Limited (OTCMKTS:LNVGF – Get Free Report) traded down 8.8% during trading 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 business has a 50 day moving average price of $1.23 and a 200 day moving average price of $1.27.
Lenovo Group Increases Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.30 per share. This is an increase from Lenovo Group’s previous dividend of $0.08. This represents a yield of 3.89%. The ex-dividend date was Thursday, August 1st. Lenovo Group’s dividend payout ratio (DPR) is presently 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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