Kumba Iron Ore Limited (OTCMKTS:KIROY – Get Free Report)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $8.68 and traded as low as $7.72. Kumba Iron Ore shares last traded at $8.04, with a volume of 3,400 shares trading hands.
Kumba Iron Ore Stock Performance
The business’s 50 day simple moving average is $8.68 and its two-hundred day simple moving average is $9.40.
Kumba Iron Ore Increases Dividend
The business also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.316 per share. The ex-dividend date was Thursday, March 14th. This is a boost from Kumba Iron Ore’s previous dividend of $0.30.
About Kumba Iron Ore
Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.
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