Vonovia (OTCMKTS:VONOY) Stock Price Up 1.6% - Here's Why

Key Points

• Vonovia's stock price increased by 1.6%, reaching a last traded price of $16.71, despite a significant decline in trading volume of 58% from its average.
• In its recent earnings report, Vonovia announced earnings per share of $0.22, a negative net margin of 7.37%, and revenue of $1.44 billion for the quarter.
• The company declared a dividend of $0.438 per share, representing an increase from the previous dividend of $0.43 and a substantial yield of 266.0%.

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY - Get Free Report)'s share price traded up 1.6% during mid-day trading on Thursday . The company traded as high as $16.86 and last traded at $16.71. 29,196 shares were traded during mid-day trading, a decline of 58% from the average session volume of 69,108 shares. The stock had previously closed at $16.44.

Vonovia Price Performance

The business's 50-day moving average price is $16.64 and its 200-day moving average price is $15.78.

Vonovia (OTCMKTS:VONOY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter. Vonovia had a negative net margin of 7.37% and a positive return on equity of 1.10%. The firm had revenue of $1.44 billion for the quarter. As a group, research analysts forecast that Vonovia SE Unsponsored ADR will post 1.05 earnings per share for the current year.

Vonovia Increases Dividend

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

About Vonovia

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.