Shares of Kumba Iron Ore Limited (OTCMKTS:KIROY – Get Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.63 and traded as low as $6.36. Kumba Iron Ore shares last traded at $6.41, with a volume of 1,029 shares trading hands.
Kumba Iron Ore Trading Up 1.4 %
The company has a 50 day moving average of $6.63 and a 200-day moving average of $6.56.
Kumba Iron Ore Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a dividend of $0.3586 per share. This is an increase from Kumba Iron Ore’s previous dividend of $0.25. The ex-dividend date of this dividend is Friday, March 14th.
About Kumba Iron Ore
Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.
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