CEMIG (NYSE:CIG) Stock Price Crosses Above 200 Day Moving Average of $2.36

CEMIG (NYSE:CIG) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.36 and traded as high as $2.49. CEMIG shares last traded at $2.47, with a volume of 1,681,584 shares changing hands.

CEMIG Price Performance

The firm’s 50 day simple moving average is $2.40 and its 200-day simple moving average is $2.36.

CEMIG Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Monday, April 1st were paid a $0.0352 dividend. The ex-dividend date was Thursday, March 28th. CEMIG’s dividend payout ratio is currently 41.31%.

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.