Fortum Oyj (OTCMKTS:FOJCY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Fortum Oyj (OTCMKTS:FOJCY)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.13 and traded as low as $2.98. Fortum Oyj shares last traded at $3.06, with a volume of 4,342 shares changing hands.

Fortum Oyj Stock Down 1.3 %

The company’s fifty day moving average price is $3.13 and its two-hundred day moving average price is $2.98.

Fortum Oyj Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.1272 per share. This is a positive change from Fortum Oyj’s previous dividend of $0.10. The ex-dividend date of this dividend is Wednesday, October 2nd. Fortum Oyj’s dividend payout ratio is 23.57%.

Fortum Oyj Company Profile

Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Sweden, Germany, the United Kingdom, the Netherlands, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and solar power; and provides district heating and cooling, and decarbonization services.