Pennon Group (OTCMKTS:PEGRY) Shares Cross Below 50 Day Moving Average – Should You Sell?

Pennon Group Plc (OTCMKTS:PEGRYGet Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.54 and traded as low as $12.66. Pennon Group shares last traded at $12.66, with a volume of 29,084 shares trading hands.

Pennon Group Trading Down 2.8 %

The business has a 50-day moving average of $14.54 and a 200 day moving average of $15.26.

Pennon Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, January 31st will be issued a dividend of $0.3658 per share. The ex-dividend date of this dividend is Friday, January 31st. Pennon Group’s dividend payout ratio is presently 29.39%.

Pennon Group Company Profile

(Get Free Report)

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.

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