DLocal, June Payout in Focus After Shares Gain
DLocal Limited shares traded a bit higher on Monday morning on the Nasdaq. The payments company’s upcoming June dividend date gave some investors a reason to watch after a shaky May. DLO was last seen at $11.91, up 5 cents, or around 0.4%, in a range between $11.81 and $12.08. Market cap stood near $3.53 billion. DLocal is still under the microscope on whether strong growth in payments volume will mean more profit now that a tax bill and rising costs hurt its first-quarter numbers. Wall Street kicked off June near all-time highs, but the Nasdaq Composite dipped 0.07% at the open, so DLocal’s early jump wasn’t just a tide-lift for tech.