CEMIG to Issue Dividend of $0.04 (NYSE:CIG)

CEMIG (NYSE:CIG) declared a dividend on Friday, March 22nd, NASDAQ reports. Shareholders of record on Monday, April 1st will be given a dividend of 0.0352 per share by the utilities provider on Wednesday, March 27th. The ex-dividend date of this dividend is Thursday, March 28th.

CEMIG Price Performance

NYSE CIG opened at $2.47 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.30. CEMIG has a one year low of $2.01 and a one year high of $2.75. The firm’s fifty day moving average is $2.32 and its two-hundred day moving average is $2.36.

Institutional Trading of CEMIG

An institutional investor recently raised its position in CEMIG stock. Marshall Wace LLP grew its position in CEMIG (NYSE:CIG) by 66.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,533,362 shares of the utilities provider’s stock after acquiring an additional 1,410,006 shares during the period. Marshall Wace LLP owned about 0.16% of CEMIG worth $7,173,000 at the end of the most recent quarter.

CEMIG Company Profile

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.