Weg S.A. (OTCMKTS:WEGZY – Get Free Report)’s stock price was down 0.9% on Friday . The company traded as low as $9.52 and last traded at $9.66. Approximately 15,922 shares changed hands during trading, a decline of 75% from the average daily volume of 63,870 shares. The stock had previously closed at $9.75.
WEG Price Performance
The company’s fifty day moving average is $9.74 and its two-hundred day moving average is $8.68.
WEG Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, October 7th will be paid a $0.0084 dividend. The ex-dividend date of this dividend is Monday, October 7th. This is a boost from WEG’s previous dividend of $0.01. WEG’s payout ratio is presently 24.44%.
About WEG
WEG SA engages in the production and sale of capital goods in Brazil and internationally. The company offers electric motors, generators, and transformers; gear units and geared motors; hydraulic and steam turbines; frequency converters; motor starters and maneuver devices; control and protection of electric circuits for industrial automation; power sockets and switches; and electric traction solutions for heavy vehicles, SUV vehicles, locomotives, and sea transportation capital goods.
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