Dominos Pizza UK (OTCMKTS:DPUKY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Dominos Pizza UK saw a significant increase in trading volume, with approximately 25,100 shares traded, marking a 191% rise from the previous session's volume.
• The company recently declared a dividend of $0.0765, which will yield 434.0%, but its stock has decreased by 1% to $5.63.
• Dominos Pizza UK's Board approved a stock repurchase plan, indicating management believes the shares are currently undervalued.

Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 25,100 shares were traded during mid-day trading, an increase of 191% from the previous session's volume of 8,616 shares.The stock last traded at $5.63 and had previously closed at $5.60.

Dominos Pizza UK Stock Down 1.0%

The firm's 50 day simple moving average is $6.05 and its 200 day simple moving average is $6.86.

Dominos Pizza UK Cuts Dividend

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

Dominos Pizza UK announced that its Board of Directors has approved a stock repurchase plan on Monday, September 1st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Dominos Pizza UK Company Profile

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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