Macquarie Group Limited (OTCMKTS:MQBKY – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $135.37 and traded as low as $134.87. Macquarie Group shares last traded at $137.57, with a volume of 10,218 shares changing hands.
Macquarie Group Stock Performance
The firm’s 50-day moving average is $131.71 and its 200-day moving average is $135.26.
Macquarie Group Cuts Dividend
The company also recently announced a dividend, which will be paid on Monday, July 14th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.8217 per share. The ex-dividend date is Thursday, May 22nd. This represents a dividend yield of 2.99%. Macquarie Group’s dividend payout ratio (DPR) is 113.86%.
About Macquarie Group
Macquarie Group Limited provides diversified financial services in Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CGM), and Macquarie Capital.
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