Jollibee Foods (OTCMKTS:JBFCY) Stock Price Down 3.8% – Here’s What Happened

Jollibee Foods Co. (OTCMKTS:JBFCY) shares were down 3.8% during trading on Wednesday . The stock traded as low as $16.75 and last traded at $16.75. Approximately 2,099 shares traded hands during mid-day trading, an increase of 304% from the average daily volume of 520 shares. The stock had previously closed at $17.41.

Jollibee Foods Price Performance

The firm has a fifty day moving average price of $17.92 and a 200 day moving average price of $17.28.

Jollibee Foods Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, December 26th. Shareholders of record on Monday, November 25th were paid a $0.1241 dividend. The ex-dividend date was Monday, November 25th. This is a positive change from Jollibee Foods’s previous dividend of $0.05. Jollibee Foods’s payout ratio is currently 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.