Monadelphous Group (OTCMKTS:MOPHY) Shares Down 4.1% – Here’s Why

Monadelphous Group Limited (OTCMKTS:MOPHYGet Free Report) was down 4.1% during mid-day trading on Wednesday . The company traded as low as C$8.97 and last traded at C$8.97. Approximately 2 shares were traded during trading, a decline of 98% from the average daily volume of 100 shares. The stock had previously closed at C$9.36.

Monadelphous Group Stock Performance

The business has a 50 day simple moving average of C$9.34 and a 200-day simple moving average of C$9.33.

Monadelphous Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 14th. Investors of record on Friday, March 7th will be issued a dividend of $0.2097 per share. This is a positive change from Monadelphous Group’s previous dividend of $0.18. The ex-dividend date of this dividend is Friday, March 7th. Monadelphous Group’s payout ratio is presently 34.24%.

Monadelphous Group Company Profile

(Get Free Report)

Monadelphous Group Limited, an engineering group, provides construction, maintenance, and industrial services to resources, energy, and infrastructure industries in Australia, Chile, Mongolia, Papua New Guinea, and internationally. It operates through Engineering Construction, and Maintenance and Industrial Services divisions.

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