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

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

WEG Price Performance

The stock’s 50-day simple moving average is $9.63 and its 200 day simple moving average is $8.88.

WEG Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, October 7th will be paid a dividend of $0.0084 per share. The ex-dividend date is Monday, October 7th. This is a positive change from WEG’s previous dividend of $0.01. WEG’s dividend payout ratio is 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.