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Dominos Pizza UK (OTCMKTS:DPUKY) Board Authorizes Share Repurchase Program

Dominos Pizza UK logo with Retail/Wholesale background

Key Points

  • Dominos Pizza UK has initiated a share buyback program, signaling management's belief that the company's shares are undervalued.
  • The stock price of Dominos Pizza UK decreased by 2.2% to $5.41, with a significant trading volume compared to its average.
  • The company has announced a dividend of $0.0765 per share, representing a yield of 434.0%, to be paid to investors in mid-October.
  • Five stocks to consider instead of Dominos Pizza UK.

Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report) announced that its board has initiated a share repurchase plan on Monday, September 1st, RTT News reports. The company plans to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Dominos Pizza UK Price Performance

DPUKY traded up $0.29 during trading on Friday, reaching $5.94. 851 shares of the stock traded hands, compared to its average volume of 3,030. Dominos Pizza UK has a fifty-two week low of $5.35 and a fifty-two week high of $8.91. The stock's 50-day simple moving average is $6.21 and its two-hundred day simple moving average is $6.93.

Dominos Pizza UK Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Monday, August 18th will be given a $0.0765 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 434.0%.

Dominos Pizza UK Company Profile

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Domino's Pizza Group plc owns, operates, and franchises Domino's Pizza stores. It operates stores in the United Kingdom and the Republic of Ireland, as well as leases its stores. The company was formerly known as Domino's Pizza UK & IRL plc and changed its name to Domino's Pizza Group plc in May 2012.

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