RED ELECTRICA C/ADR (OTCMKTS:RDEIY) Plans Dividend Increase – $0.32 Per Share

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RED ELECTRICA C/ADR (OTCMKTS:RDEIY) declared a Semi-Annual dividend on Tuesday, June 9th, Zacks reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.315 per share by the utilities provider on Thursday, July 16th. The ex-dividend date of this dividend is Monday, June 29th. This is a positive change from RED ELECTRICA C/ADR’s previous Semi-Annual dividend of $0.11.

OTCMKTS RDEIY traded up $0.05 during trading hours on Thursday, hitting $9.45. 20,600 shares of the company were exchanged, compared to its average volume of 155,095. The stock has a 50-day moving average price of $8.61 and a 200 day moving average price of $9.23. RED ELECTRICA C/ADR has a 52 week low of $7.18 and a 52 week high of $11.28.

A number of equities analysts have recently issued reports on RDEIY shares. ValuEngine downgraded RED ELECTRICA C/ADR from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Deutsche Bank downgraded RED ELECTRICA C/ADR from a “buy” rating to a “hold” rating in a research report on Friday, April 3rd. Finally, Societe Generale raised shares of RED ELECTRICA C/ADR from a “hold” rating to a “buy” rating in a research note on Tuesday, March 10th.

About RED ELECTRICA C/ADR

Red El├ęctrica Corporaci├│n, SA transmits electricity; operates and manages transmission network for the electricity system; and manages electricity transmission grid in Spain and internationally. Its transmission network comprises approximately 43,800 kilometers; and has 86,654 MVA of transformer capacity.

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Dividend History for RED ELECTRICA C/ADR (OTCMKTS:RDEIY)

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