WEG (OTCMKTS:WEGZY – Get Free Report) will likely be releasing its earnings data before the market opens on Wednesday, February 19th. Analysts expect WEG to post earnings of $0.07 per share and revenue of $10.66 billion for the quarter.
WEG Trading Up 3.9 %
Shares of OTCMKTS:WEGZY opened at $9.41 on Tuesday. WEG has a twelve month low of $6.62 and a twelve month high of $10.36. The company’s 50 day moving average is $9.17 and its 200 day moving average is $9.42.
WEG Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, December 30th will be issued a $0.0084 dividend. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from WEG’s previous dividend of $0.01. WEG’s dividend payout ratio is 24.44%.
WEG Company Profile
WEG SA engages in the production and sale of capital goods in Brazil and internationally. The company offers electric motors, generators, and transformers; gear units and geared motors; hydraulic and steam turbines; frequency converters; motor starters and maneuver devices; control and protection of electric circuits for industrial automation; power sockets and switches; and electric traction solutions for heavy vehicles, SUV vehicles, locomotives, and sea transportation capital goods.
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