Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Stock Price Down 2.5% – Here’s Why

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) shares fell 2.5% during trading on Friday. The stock traded as low as $11.50 and last traded at $11.5050. 17,519 shares changed hands during mid-day trading, an increase of 109% from the average daily volume of 8,399 shares. The stock had previously closed at $11.80.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Down 2.5%

The business’s 50 day moving average is $16.33 and its two-hundred day moving average is $19.51.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were given a dividend of $0.4766 per share. The ex-dividend date was Thursday, October 1st. This represents a $1.91 annualized dividend and a dividend yield of 16.6%.

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

Hovnanian Enterprises, Inc. is a residential homebuilder that designs, constructs and sells new homes through its K. Hovnanian’s® brand. The company primarily develops single-family detached homes, townhomes and condominiums, serving a range of buyers from first-time homeowners to move-up and active-adult customers. The company’s operations have historically covered multiple U.S. markets, including communities in the Northeast, Midwest, Southeast and Southwest. In addition to home construction, Hovnanian Enterprises provides related services through selected subsidiaries and affiliates, such as mortgage financing, title and settlement services, and insurance offerings intended to support the home-purchase process.