WEG (OTCMKTS:WEGZY) Shares Up 1.1% – Here’s What Happened

Shares of Weg S.A. (OTCMKTS:WEGZY) shot up 1.1% on Tuesday . The stock traded as high as $9.05 and last traded at $9.05. 41,263 shares were traded during trading, a decline of 33% from the average session volume of 61,396 shares. The stock had previously closed at $8.95.

WEG Trading Up 1.1 %

The firm’s 50-day moving average price is $9.63 and its two-hundred day moving average price is $8.88.

WEG Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, October 7th will be given a dividend of $0.0084 per share. This is a boost from WEG’s previous dividend of $0.01. The ex-dividend date of this dividend is Monday, October 7th. WEG’s payout ratio is presently 24.44%.

WEG Company Profile

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.