Tabcorp Holdings Limited (OTCMKTS:TACBY – Get Free Report) dropped 12% during mid-day trading on Friday . The company traded as low as $0.75 and last traded at $0.75. Approximately 1,700 shares were traded during trading, an increase of 130% from the average daily volume of 740 shares. The stock had previously closed at $0.85.
Tabcorp Stock Down 12.0 %
The firm’s fifty day simple moving average is $0.75 and its 200-day simple moving average is $0.90.
Tabcorp Increases Dividend
The company also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 4th were issued a $0.0116 dividend. The ex-dividend date was Friday, March 1st. This is a boost from Tabcorp’s previous dividend of $0.01. Tabcorp’s payout ratio is 87.15%.
About Tabcorp
Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. It operates through Wagering and Media, and Gaming Services segments. The Wagering and Media segment offers through a network of TAB agencies, hotels and clubs, and on-course operations, as well as through retail, Internet, mobile devices, and phone.
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