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Royal Mail (OTCMKTS:ROYMY) Stock Price Down 1.6% - Time to Sell?

Royal Mail logo with Transportation background

Key Points

  • Royal Mail shares dropped 1.6% to $7.63 amid increased trading volume, with 258 shares exchanged during the session.
  • The company announced a significant dividend increase to $0.1817, which yields a compelling 250.0%, up from the previous dividend of $0.04.
  • Royal Mail operates as a universal postal service provider in the UK and internationally, offering services under the Royal Mail and Parcelforce Worldwide brands.
  • Want stock alerts on Royal Mail? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Royal Mail Plc (OTCMKTS:ROYMY - Get Free Report) fell 1.6% during mid-day trading on Friday . The stock traded as low as $7.63 and last traded at $7.63. 258 shares traded hands during mid-day trading, an increase of 258% from the average session volume of 72 shares. The stock had previously closed at $7.75.

Royal Mail Price Performance

The company has a fifty day simple moving average of $8.32 and a 200-day simple moving average of $8.90.

About Royal Mail

(Get Free Report)

International Distributions Services plc, together with its subsidiaries, operates as a universal postal service provider in the United Kingdom and internationally. The company offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. It also provides services for the collection, sorting, and delivery of parcels and letters.

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