Kesko Oyj (OTCMKTS:KKOYY – Get Free Report) rose 1.7% on Thursday . The company traded as high as $9.13 and last traded at $9.05. Approximately 42,015 shares changed hands during trading, an increase of 276% from the average daily volume of 11,181 shares. The stock had previously closed at $8.89.
Kesko Oyj Stock Performance
The business has a 50-day moving average of $9.71 and a two-hundred day moving average of $9.76.
Kesko Oyj Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Tuesday, January 14th will be issued a $0.1311 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date of this dividend is Tuesday, January 14th. Kesko Oyj’s dividend payout ratio is currently 56.00%.
About Kesko Oyj
Kesko Oyj engages in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, and Poland. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade divisions. The Grocery Trade segment comprises wholesale and B2B trade of groceries, and retail of home and specialty goods under the K-retailer brand; and operates store retail chains under the K-Citymarket, K-Supermarket, K-Market, and Neste K grocery brand.
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