Willamette Valley Vineyards (NASDAQ:WVVIP) Shares Down 6.6% – Here’s Why

Willamette Valley Vineyards, Inc. (NASDAQ:WVVIP) was down 6.6% during mid-day trading on Friday . The stock traded as low as $3.21 and last traded at $3.24. Approximately 9,633 shares were traded during mid-day trading, an increase of 201% from the average daily volume of 3,198 shares. The stock had previously closed at $3.47.

Willamette Valley Vineyards Trading Down 6.6%

The firm has a fifty day simple moving average of $3.23 and a 200-day simple moving average of $3.23.

Willamette Valley Vineyards Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a dividend of $0.22 per share. This represents a yield of 679.0%. The ex-dividend date is Friday, December 5th.

About Willamette Valley Vineyards

Willamette Valley Vineyards, Inc produces and sells wine in the United States and internationally. The company operates through two segments, Direct Sales and Distributor Sales. It primarily offers Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Sauvignon Blanc, Gruner Veltliner, Rose, Brut, Brut Rose, and Riesling branded wines under the Willamette Valley Vineyards label; Semi-Sparkling Muscat branded wine under the Tualatin Estate Vineyards label; Syrah, Merlot, Cabernet Sauvignon, Grenache, Cabernet Franc, Tempranillo, Malbec, The Griffin, and Viognier branded wines under the Griffin Creek label; and Brut, Brut Rose, and Blanc de Blancs under the Domaine Willamette label.