Jollibee Foods (OTCMKTS:JBFCY) Shares Down 3.8% – Here’s What Happened

Jollibee Foods Co. (OTCMKTS:JBFCY) shares were down 3.8% during mid-day trading on Wednesday . The stock traded as low as $16.75 and last traded at $16.75. Approximately 2,099 shares were traded during mid-day trading, an increase of 304% from the average daily volume of 520 shares. The stock had previously closed at $17.41.

Jollibee Foods Stock Performance

The business’s 50-day simple moving average is $17.95 and its 200 day simple moving average is $17.29.

Jollibee Foods Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 26th. Investors of record on Monday, November 25th were issued a dividend of $0.1241 per share. The ex-dividend date of this dividend was Monday, November 25th. This is a positive change from Jollibee Foods’s previous dividend of $0.05. Jollibee Foods’s dividend payout ratio (DPR) is currently 9.97%.

Jollibee Foods Company Profile

Jollibee Foods Corporation develops, operates, and franchises quick service restaurants. The company operates quick-service restaurants under the Jollibee, Chowking, Greenwich, Red Ribbon, Yong He King, Hong Zhuang Yuan, Mang Inasal, Burger King, Highlands Coffee, PHO24, Smashburger, Tim Ho Wan, Tortazo, The Coffee Bean & Tea Leaf, Yoshinoya, Milksha, and Panda Express names in the Philippines, the United States, Canada, the People's Republic of China, the United Kingdom, Italy, Spain, Vietnam, Brunei, Singapore, Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, Bahrain, Indonesia, Costa Rica, Egypt, Panama, Malaysia, South Korea, Australia, and India.