PT United Tractors Tbk (OTCMKTS:PUTKY) Shares Down 1.4% – Here’s What Happened

PT United Tractors Tbk (OTCMKTS:PUTKY) fell 1.4% during mid-day trading on Friday . The stock traded as low as $35.3440 and last traded at $35.99. 2,324 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 11,899 shares. The stock had previously closed at $36.49.

PT United Tractors Tbk Stock Performance

The firm’s 50-day moving average price is $34.16 and its 200 day moving average price is $31.29.

PT United Tractors Tbk Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were issued a dividend of $0.4745 per share. This represents a yield of 565.0%. The ex-dividend date of this dividend was Thursday, October 9th. PT United Tractors Tbk’s payout ratio is currently 0.00%.

About PT United Tractors Tbk

PT United Tractors Tbk (OTCMKTS:PUTKY) is one of Indonesia’s leading heavy equipment distributors and mining contractors. Established in 1972 and headquartered in Jakarta, the company operates as a core subsidiary of the Astra International group. United Tractors’ primary activities encompass the distribution and sales of a wide range of construction and mining machinery, including Komatsu-branded excavators, bulldozers and haul trucks, as well as other reputable global equipment brands.

In addition to equipment sales, United Tractors has developed a substantial mining services division through its subsidiary PT Pamapersada Nusantara, which provides contract mining solutions for coal and mineral extraction projects across Indonesia.