Verbund Ag (OTCMKTS:OEZVY – Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.08 and traded as high as $15.27. Verbund shares last traded at $15.27, with a volume of 7 shares changing hands.
Verbund Stock Down 3.4 %
The firm has a fifty day moving average price of $15.08 and a 200 day moving average price of $16.35.
Verbund Increases Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, May 28th. Investors of record on Wednesday, May 8th will be paid a $0.5293 dividend. The ex-dividend date is Tuesday, May 7th. This is a boost from Verbund’s previous dividend of $0.19. Verbund’s dividend payout ratio is 470.00%.
About Verbund
VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and households and commercial customers. It operates through Hydro, New Renewables, Sales, Grid, and All Other segments. The company operates hydropower plants with a capacity of 8,417 megawatts (MW); wind farms with a capacity of 798 MW; solar power with a capacity of 253 MW; and two thermal power plants.
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