Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Shares Up 3.7% – Here’s Why

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL)’s share price traded up 3.7% during trading on Friday . The company traded as high as $8.94 and last traded at $8.92. 12,476 shares changed hands during mid-day trading, an increase of 90% from the average session volume of 6,559 shares. The stock had previously closed at $8.60.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Price Performance

The business has a 50-day moving average of $7.87 and a 200 day moving average of $8.43.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.5313 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $2.13 annualized dividend and a dividend yield of 23.82%.

About Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026

Greenidge Generation Holdings Inc operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenters in New York and South Carolina. It also owns and operates a 106 MW power generation facility. The company was founded in 1937 and is based in Fairfield, Connecticut.