Jollibee Foods (OTCMKTS:JBFCY) Trading Up 0.6% – Here’s What Happened

Shares of Jollibee Foods Co. (OTCMKTS:JBFCY) shot up 0.6% during mid-day trading on Friday . The company traded as high as $18.10 and last traded at $18.10. 674 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 582 shares. The stock had previously closed at $18.00.

Jollibee Foods Price Performance

The firm has a fifty day moving average of $17.94 and a 200 day moving average of $16.63.

Jollibee Foods Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 26th. Shareholders of record on Monday, November 25th will be paid a $0.1241 dividend. The ex-dividend date of this dividend is Monday, November 25th. This is an increase from Jollibee Foods’s previous dividend of $0.05. Jollibee Foods’s dividend payout ratio (DPR) is 9.97%.

About Jollibee Foods

Jollibee Foods Corporation develops, operates, and franchises quick service restaurants. The company operates quick-service restaurants under the Jollibee, Chowking, Greenwich, Red Ribbon, Yong He King, Hong Zhuang Yuan, Mang Inasal, Burger King, Highlands Coffee, PHO24, Smashburger, Tim Ho Wan, Tortazo, The Coffee Bean & Tea Leaf, Yoshinoya, Milksha, and Panda Express names in the Philippines, the United States, Canada, the People's Republic of China, the United Kingdom, Italy, Spain, Vietnam, Brunei, Singapore, Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, Bahrain, Indonesia, Costa Rica, Egypt, Panama, Malaysia, South Korea, Australia, and India.