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

Key Points

• Dominos Pizza UK shares experienced a significant increase in trading volume, with 63,000 shares traded—an increase of 713% from the previous session.
• The company has announced a dividend of $0.0765 per share, with a yield of 434.0%, to be paid on October 14th.
• Dominos Pizza UK's board initiated a stock repurchase program, indicating confidence in the current valuation of their shares.

Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report) shares saw strong trading volume on Tuesday . 63,000 shares were traded during trading, an increase of 713% from the previous session's volume of 7,747 shares.The stock last traded at $5.65 and had previously closed at $5.68.

Dominos Pizza UK Trading Down 0.5%

The firm has a fifty day simple moving average of $6.17 and a 200-day simple moving average of $6.92.

Dominos Pizza UK Cuts Dividend

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

Dominos Pizza UK declared that its board has initiated a stock repurchase program on Monday, September 1st that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board 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.

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