Lendlease Group (OTCMKTS:LLESY) Trading Up 2.8% – Here’s What Happened

Lendlease Group (OTCMKTS:LLESY)’s stock price was up 2.8% on Friday . The company traded as high as $3.82 and last traded at $3.82. Approximately 550 shares were traded during mid-day trading, an increase of 39% from the average daily volume of 397 shares. The stock had previously closed at $3.71.

Lendlease Group Price Performance

The firm’s 50 day simple moving average is $3.90 and its 200-day simple moving average is $4.22.

Lendlease Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 28th will be issued a $0.0363 dividend. This is an increase from Lendlease Group’s previous dividend of $0.02. The ex-dividend date of this dividend is Friday, February 28th. Lendlease Group’s payout ratio is presently 3.32%.

About Lendlease Group

Lendlease Group operates as an integrated real estate and investment company in Australia, Asia, Europe, and the Americas. It operates through Development, Construction, and Investments segments. The Development segment develops inner-city mixed-use developments, apartments, communities, retirement, retail, commercial assets, and social and economic infrastructure.