Dominos Pizza UK (OTCMKTS:DPUKY) Sets New 12-Month High – Still a Buy?

Dominos Pizza UK (OTCMKTS:DPUKY)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $13,000.00 and last traded at $13,000.00, with a volume of 96 shares changing hands. The stock had previously closed at $5.53.

Dominos Pizza UK Price Performance

The stock’s 50-day moving average is $6.33 and its 200 day moving average is $6.98.

Dominos Pizza UK Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Monday, August 18th will be issued a $0.0765 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 434.0%.

Dominos Pizza UK announced that its board has initiated a share buyback plan on Monday, September 1st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

About Dominos Pizza UK

Domino’s Pizza Group plc owns, operates, and franchises Domino’s Pizza stores. It operates stores in the United Kingdom and the Republic of Ireland, as well as leases its stores. The company was formerly known as Domino’s Pizza UK & IRL plc and changed its name to Domino’s Pizza Group plc in May 2012.