Elders (OTCMKTS:EDESY) Shares Down 5.8% – Should You Sell?

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

Elders Price Performance

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

Elders Increases Dividend

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

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.