Tabcorp (OTCMKTS:TACBY) Trading Down 12%

Tabcorp Holdings Limited (OTCMKTS:TACBYGet Free Report) shares dropped 12% on Thursday . The company traded as low as $0.75 and last traded at $0.75. Approximately 1,700 shares were traded during trading, an increase of 130% from the average daily volume of 740 shares. The stock had previously closed at $0.85.

Tabcorp Trading Down 12.0 %

The business’s fifty day moving average price is $0.87 and its two-hundred day moving average price is $1.01.

Tabcorp Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 5th. Stockholders of record on Monday, March 4th will be issued a dividend of $0.0116 per share. The ex-dividend date is Friday, March 1st. This is a positive change from Tabcorp’s previous dividend of $0.01. Tabcorp’s payout ratio is 87.15%.

About Tabcorp

(Get Free Report)

Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. It operates through Wagering and Media, and Gaming Services segments. The Wagering and Media segment offers through a network of TAB agencies, hotels and clubs, and on-course operations, as well as through retail, Internet, mobile devices, and phone.

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