PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Shares Down 0.6% – Here’s What Happened

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY)’s share price was down 0.6% during trading on Wednesday . The stock traded as low as $6.05 and last traded at $6.45. Approximately 2,469 shares traded hands during trading, a decline of 41% from the average daily volume of 4,170 shares. The stock had previously closed at $6.49.

PT Adaro Energy Indonesia Tbk Stock Performance

The company has a 50 day moving average of $5.98 and a 200 day moving average of $7.12.

PT Adaro Energy Indonesia Tbk Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 23rd will be issued a $0.3397 dividend. This is an increase from PT Adaro Energy Indonesia Tbk’s previous dividend of $0.33. This represents a dividend yield of 60.62%. The ex-dividend date of this dividend is Friday, June 20th. PT Adaro Energy Indonesia Tbk’s dividend payout ratio is 40.19%.

PT Adaro Energy Indonesia Tbk Company Profile

PT Adaro Energy Indonesia Tbk, together with its subsidiaries, engages in coal and mining business in Indonesia. It operates through Coal Mining and Trading; Mining Services; Logistics; and Others segments. The company provides trading, transportation, warehousing, quarrying, cargo handling, and mining and transportation support services.