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Royal Mail (OTCMKTS:ROYMY) Shares Gap Down – Should You Sell?

Royal Mail Plc (OTCMKTS:ROYMY – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $8.39, but opened at $7.25. Royal Mail shares last traded at $8.37, with a volume of 257 shares changing hands.

Royal Mail Stock Performance

The business has a 50 day simple moving average of $8.68 and a 200 day simple moving average of $9.02.

Royal Mail Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 13th were issued a $0.1817 dividend. This represents a dividend yield of 2.5%. The ex-dividend date was Monday, May 12th. This is an increase from Royal Mail’s previous dividend of $0.04.

Royal Mail Company Profile

(Get Free Report)

International Distributions Services plc, together with its subsidiaries, operates as a universal postal service provider in the United Kingdom and internationally. The company offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. It also provides services for the collection, sorting, and delivery of parcels and letters.

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