Dominos Pizza UK (OTCMKTS:DPUKY) Sees Strong Trading Volume - Here's What Happened

Key Points

• Domino's Pizza UK experienced a significant increase in trading volume, with 19,700 shares traded on Wednesday, a 162% increase from the previous session.
• The company has announced a dividend of $0.0765 per share, with a yield of 434%, payable on October 14th to shareholders of record on August 18th.
• Domino's Pizza UK's Board has authorized a share buyback plan, indicating management's belief that the stock is undervalued.

Shares of Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report) saw strong trading volume on Wednesday . 19,700 shares traded hands during mid-day trading, an increase of 162% from the previous session's volume of 7,533 shares.The stock last traded at $5.68 and had previously closed at $5.62.

Dominos Pizza UK Price Performance

The company has a 50-day moving average price of $6.21 and a 200-day moving average price of $6.93.

Dominos Pizza UK Cuts Dividend

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

Dominos Pizza UK declared that its board has initiated a stock buyback program on Monday, September 1st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

About Dominos Pizza UK

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.