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

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.

Shares of Royal Mail Plc (OTCMKTS:ROYMY - ) traded down 1.6% during trading on Friday . The company traded as low as $7.63 and last traded at $7.63. 258 shares were traded during trading, an increase of 258% from the average session volume of 72 shares. The stock had previously closed at $7.75.

Royal Mail Stock Performance

The firm's fifty day moving average is $8.36 and its 200 day moving average is $8.91.

Royal Mail Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 13th were issued a $0.1817 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 250.0%. This is a boost from Royal Mail's previous dividend of $0.04.

About Royal Mail

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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