Dominos Pizza UK (OTCMKTS:DPUKY) Shares Gap Down - Here's What Happened

Key Points

• Dominos Pizza UK shares opened at $5.67 after a gap down from the previous close of $5.94, reflecting a 4.5% decline.
• The company announced a dividend of $0.0765 to be paid on October 14th, with an impressive yield of 434.0%.
• A share buyback plan was authorized, indicating that the company may view its shares as undervalued.

Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $5.94, but opened at $5.67. Dominos Pizza UK shares last traded at $5.67, with a volume of 8,952 shares trading hands.

Dominos Pizza UK Stock Down 2.4%

The firm has a fifty day simple moving average of $6.12 and a 200-day simple moving average of $6.90.

Dominos Pizza UK Cuts Dividend

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

Dominos Pizza UK announced that its board has initiated a share buyback program on Monday, September 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is 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.