Vonovia (OTCMKTS:VONOY) Releases Quarterly Earnings Results

Key Points

• Vonovia reported a quarterly earnings per share (EPS) of $0.22 and revenue of $1.44 billion, despite a negative net margin of 7.37%.
• The company announced a dividend of $0.438, an increase from the previous dividend of $0.43, resulting in a dividend yield of 266.0%.
• Vonovia's stock price opened at $16.48 and is currently up 0.5%, showcasing fluctuations with a 12-month low of $12.91 and a high of $18.73.

Vonovia (OTCMKTS:VONOY - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $1.44 billion during the quarter. Vonovia had a positive return on equity of 1.10% and a negative net margin of 7.37%.

Vonovia Stock Down 0.5%

Shares of VONOY stock traded down $0.08 during midday trading on Tuesday, reaching $16.44. 211,130 shares of the stock were exchanged, compared to its average volume of 74,488. Vonovia has a 1 year low of $12.91 and a 1 year high of $18.73. The company's 50 day moving average is $16.65 and its two-hundred day moving average is $15.73.

Vonovia Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, July 10th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.438 per share. This is a positive change from Vonovia's previous dividend of $0.43. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 266.0%.

Vonovia Company Profile

Vonovia SE operates as an integrated residential real estate company in Europe. It operates through four segments: Rental, Value-Add, Recurring Sales, and Development. The company offers property management services; property-related services; and value-added services, including maintenance and modernization of residential properties, craftsmen and residential environment organization, condominium administration, cable TV, metering, energy supply, and insurances services.