EDENRED (OTCMKTS:EDNMY) Shares Down 4.1% - Here's Why

Key Points

• Shares of EDENRED (OTCMKTS:EDNMY) fell by 4.1%, closing at $15.35, with a significant drop in trading volume by 91% compared to the average.
• The company recently cut its dividend to $0.499, yielding an impressive 318.0% for investors of record.
• EDENRED offers a range of digital employee benefit solutions, including the Ticket Restaurant and Ticket Alimentación, aimed at enhancing employee welfare and services.

Shares of EDENRED (OTCMKTS:EDNMY - ) fell 4.1% during trading on Monday . The company traded as low as $15.35 and last traded at $15.35. 840 shares changed hands during trading, a decline of 91% from the average session volume of 9,493 shares. The stock had previously closed at $16.00.

EDENRED Stock Performance

The company's fifty day simple moving average is $15.11 and its two-hundred day simple moving average is $15.97.

EDENRED Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 27th. Investors of record on Tuesday, June 10th were given a $0.499 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a yield of 318.0%.

EDENRED Company Profile

Edenred SE provides digital platform for services and payments for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, a solution that allows employees to take time out for lunch at a partner merchant; Ticket Alimentación that allows users to pay for groceries in neighborhood stores and supermarkets; Ticket Regalo, a gift voucher; Ticket CESU, a human services solution; Ticket Plus Card, a solution that enables the purchase of staples, such as food and fuel; Ticket Welfare, which employees can use to pay for a range of services, such as access to sports facilities and solutions for their children's educational needs; Ticket Guardería for companies without on-site daycare facilities; Childcare Vouchers; Ticket EcoCheque, a solutions that encourages purchase of environmentally friendly products; Ticket Kadeos Culture and Ticket Cultura that are solutions for cultural goods and services.

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