PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Stock Price Down 2.6%

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY)’s stock price was down 2.6% during mid-day trading on Monday . The company traded as low as $23.34 and last traded at $23.34. Approximately 207 shares were traded during trading, a decline of 93% from the average daily volume of 2,813 shares. The stock had previously closed at $23.97.

PT Indofood Sukses Makmur Tbk Stock Performance

The stock has a 50 day moving average price of $20.63 and a 200-day moving average price of $19.84.

PT Indofood Sukses Makmur Tbk Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, July 15th were issued a dividend of $0.6031 per share. The ex-dividend date was Monday, July 15th. PT Indofood Sukses Makmur Tbk’s dividend payout ratio is currently 24.14%.

About PT Indofood Sukses Makmur Tbk

PT Indofood Sukses Makmur Tbk operates as a food solutions company in Indonesia, the Middle East, Africa, rest of Asia, internationally. It operates through Consumer Branded Products Business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group segments. It offers noodles; ultra-high temperature (UHT), sterilized bottled, evaporated, pasteurized liquid, UHT multi-cereal, and powdered milk; milk-flavored and cereal powdered drinks, sweetened condensed creamer, ice cream, and butter; potato, cassava, soybean, corn, and various extruded snacks; recipe mixes, soy and chili sauce, tomato sauce, and stock soup; baby cereals; rice puffs, crunchies, biscuits, puddings, noodle soup, and pasta; cereal snacks for children; and ready-to-drink tea, packaged water, and fruit-flavored drinks.