Dominos Pizza UK (OTCMKTS:DPUKY) Sets New 12-Month High - Here's What Happened

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 stock price reached a new 52-week high on Tuesday . The company 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 business's 50-day moving average price is $6.21 and its two-hundred day moving average price is $6.94.

Dominos Pizza UK Cuts Dividend

The company also recently disclosed 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 of this dividend is Friday, August 15th.

Dominos Pizza UK declared that its board has authorized a share repurchase plan on Monday, September 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication 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.