Edenred (OTCMKTS:EDNMY) Stock Price Up 7.9% - Here's What Happened

Key Points

• Edenred's stock price increased by 7.9% on Monday, reaching a trading high of $17.00 after closing at $15.75 prior to the surge.
• The company recently declared a dividend of $0.499 per share, with a dividend yield of 3.18%, highlighting its commitment to returning value to shareholders.
• Edenred offers a variety of employee benefit solutions through its digital platform, including meal vouchers, gift vouchers, and services for childcare and educational needs.

Edenred (OTCMKTS:EDNMY - )'s share price rose 7.9% on Monday . The stock traded as high as $17.00 and last traded at $17.00. Approximately 452 shares traded hands during trading, a decline of 96% from the average daily volume of 10,154 shares. The stock had previously closed at $15.75.

Edenred Trading Down 4.8%

The firm's fifty day moving average is $15.32 and its 200-day moving average is $16.12.

Edenred Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 27th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.499 per share. The ex-dividend date was Monday, June 9th. This represents a dividend yield of 3.18%.

About Edenred

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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