Fortum Oyj (OTCMKTS:FOJCY – Get Free Report)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.04 and traded as low as $2.80. Fortum Oyj shares last traded at $2.80, with a volume of 398 shares changing hands.
Fortum Oyj Price Performance
The business’s 50-day moving average is $3.04 and its 200 day moving average is $3.01.
Fortum Oyj Increases Dividend
The business also recently disclosed a dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 2nd were issued a $0.1272 dividend. The ex-dividend date was Wednesday, October 2nd. This is an increase from Fortum Oyj’s previous dividend of $0.10. Fortum Oyj’s payout ratio is currently 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.
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