Dominos Pizza UK (OTCMKTS:DPUKY) Reaches New 1-Year High - Should You Buy?

Key Points

• Dominos Pizza UK reached a new 52-week high of $13,000.00 during trading, a significant increase from the previous close of $5.53.
• The company announced a dividend of $0.0765, which will be paid on October 14th, and has a notable yield of 434.0%.
• Dominos Pizza UK has initiated a share buyback plan, signaling management's belief that its shares are undervalued.

Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $13,000.00 and last traded at $13,000.00, with a volume of 96 shares changing hands. The stock had previously closed at $5.53.

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 company also recently declared 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. This represents a yield of 434.0%. The ex-dividend date is Friday, August 15th.

Dominos Pizza UK declared that its board has authorized a stock repurchase plan on Monday, September 1st that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is 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.