Jollibee Foods (OTCMKTS:JBFCY) Shares Down 2% – Should You Sell?

Jollibee Foods Co. (OTCMKTS:JBFCY) dropped 2% on Wednesday . The company traded as low as $12.75 and last traded at $12.75. Approximately 965 shares were traded during trading, a decline of 62% from the average daily volume of 2,551 shares. The stock had previously closed at $13.0150.

Jollibee Foods Stock Performance

The stock’s 50-day moving average is $13.90 and its 200 day moving average is $15.44.

Jollibee Foods Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be given a $0.0786 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a dividend yield of 97.0%. Jollibee Foods’s dividend payout ratio (DPR) is presently 9.97%.

About Jollibee Foods

Jollibee Foods Corporation develops, operates, and franchises quick service restaurants. The company operates quick-service restaurants under the Jollibee, Chowking, Greenwich, Red Ribbon, Yong He King, Hong Zhuang Yuan, Mang Inasal, Burger King, Highlands Coffee, PHO24, Smashburger, Tim Ho Wan, Tortazo, The Coffee Bean & Tea Leaf, Yoshinoya, Milksha, and Panda Express names in the Philippines, the United States, Canada, the People's Republic of China, the United Kingdom, Italy, Spain, Vietnam, Brunei, Singapore, Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, Bahrain, Indonesia, Costa Rica, Egypt, Panama, Malaysia, South Korea, Australia, and India.