Robinsons Retail (OTC:RRETY) Shares Up 6.1% – Should You Buy?

Robinsons Retail Holdings, Inc. (OTC:RRETY)’s stock price shot up 6.1% during trading on Thursday . The stock traded as high as C$6.25 and last traded at C$6.25. 205 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 514 shares. The stock had previously closed at C$5.89.

Robinsons Retail Stock Up 6.1%

The firm has a 50 day moving average price of C$6.58 and a 200 day moving average price of C$6.24.

Robinsons Retail Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Monday, May 26th will be paid a $0.2006 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 3.04%. Robinsons Retail’s dividend payout ratio (DPR) is 7.74%.

About Robinsons Retail

Robinsons Retail Holdings, Inc operates as a multi-format retail company in the Philippines. It operates through Supermarkets, Department Stores, Do-It-Yourself (DIY), Convenience Stores, Drug Stores, and Specialty Stores segments. The company also operates supermarkets under the Robinsons Supermarket brand that offer health and wellness, and fresh food products; and department stores under the Robinsons Department Store brand, which provide children's apparel and accessories; homes, snacks and stationery; shoes, bags, luggage and sportswear; ladies and men's apparel, beauty accessories, and furnishings.