CEMIG (NYSE:CIG) Stock Crosses Above 200-Day Moving Average of $2.36

CEMIG (NYSE:CIG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.36 and traded as high as $2.49. CEMIG shares last traded at $2.47, with a volume of 1,681,584 shares changing hands.

CEMIG Stock Performance

The firm’s 50 day simple moving average is $2.39 and its 200-day simple moving average is $2.36.

CEMIG Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Monday, April 1st were paid a dividend of $0.0352 per share. The ex-dividend date of this dividend was Thursday, March 28th. CEMIG’s dividend payout ratio (DPR) is currently 41.31%.

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.