Company’s which pay out cash dividends are almost always highly sought after by a vast majority of investors and when a company does make an announcement to that effect then it does come into focus in a substantial way.
Trading Data
On Monday, DNUT stock moved down 0.07% to $14.44 with 1.19 million shares, compared to volume of 1.29 million shares. The stock moved within a range of $14.07 – 14.64 after opening trade at $14.24.
Key Details
Yesterday, it was Krispy Kreme Inc (NASDAQ:DNUT) which came on to the radars of investors after it announced that its Board of Directors had approved a cash dividend pay out of as much as $0.35 a share to the shareholders. It was noted that it was in line with the dividend policy that the company had in place.
While the dividend was announced yesterday it ought to be noted that it is going to be paid out on August 10, 2022. All shareholders of record as on July 27, 2022 are going to be entitled to the pay out. In light of such an announcement, it is now going to be interesting to see if the Krispy Kreme stocks comes on to the radars of investors or not.
At the end of the day, the declaration of dividends might sometimes trigger more action in a stock and it remains to be seen if the stock attracts attention up until the record date.
Technical Data
DNUT stock is trading above the 20-Day and 50-Day Moving averages of $13.57 and $13.93 respectively. Moreover, the stock is trading above the 200-Day moving average of $14.72.
