Shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP – Get Rating) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.09 and traded as low as $17.66. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $17.80, with a volume of 2,617 shares.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Performance

The firm has a 50 day moving average of $18.09 and a 200-day moving average of $18.47.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, April 15th. Investors of record on Saturday, April 1st were paid a $0.4766 dividend. The ex-dividend date was Thursday, March 30th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 10.71%.

Insiders Place Their Bets

In related news, Director Edward A. Kangas sold 10,000 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $66.62, for a total value of $666,200.00. Following the completion of the transaction, the director now owns 36,257 shares of the company's stock, valued at $2,415,441.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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