Vonovia (OTCMKTS:VONOY) Posts 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) announced its quarterly earnings results on Wednesday. The company reported $0.22 earnings per share for the quarter, Zacks reports. Vonovia had a negative net margin of 7.37% and a positive return on equity of 1.10%. The company had revenue of $1.44 billion for the quarter.

Vonovia Trading Up 0.2%

VONOY stock traded up $0.04 during mid-day trading on Friday, reaching $16.49. 37,257 shares of the stock traded hands, compared to its average volume of 62,734. Vonovia has a one year low of $12.91 and a one year high of $18.73. The business has a 50-day moving average price of $16.65 and a two-hundred day moving average price of $15.71.

Vonovia Increases Dividend

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

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.