CEMIG (NYSE:CIG) Shares Set to Split on Friday, May 24th

Shares of CEMIG (NYSE:CIG) are scheduled to split on the morning of Friday, May 24th. The 130-100 split was announced on Friday, May 24th. The newly created shares will be distributed to shareholders after the closing bell on Friday, May 24th.

CEMIG Stock Down 1.3 %

Shares of NYSE CIG opened at $2.60 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s 50-day simple moving average is $2.44 and its two-hundred day simple moving average is $2.37. CEMIG has a twelve month low of $2.11 and a twelve month high of $2.75.

CEMIG Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 27th. Investors of record on Monday, April 1st were paid a $0.0352 dividend. The ex-dividend date of this dividend was Thursday, March 28th. CEMIG’s dividend payout ratio is currently 50.00%.

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.