Pennon Group (OTCMKTS:PEGRY) Shares Pass Below 50-Day Moving Average – What’s Next?

Pennon Group Plc (OTCMKTS:PEGRY) shares 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.

Pennon Group Price Performance

The stock has a 50 day simple moving average of $14.54 and a 200 day simple moving average of $15.26.

Pennon Group Cuts Dividend

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

About Pennon Group

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.