Weg S.A. (OTCMKTS:WEGZY) to Issue Dividend Increase – $0.01 Per Share

Weg S.A. (OTCMKTS:WEGZY) declared a dividend on Wednesday, March 19th, NASDAQ Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.0142 per share on Wednesday, August 20th. The ex-dividend date is Monday, March 31st. This is a 70.0% increase from WEG’s previous dividend of $0.0083505.

WEG Stock Down 1.4 %

WEGZY stock traded down $0.12 during trading on Thursday, reaching $8.31. 17,032 shares of the stock were exchanged, compared to its average volume of 68,355. WEG has a twelve month low of $6.92 and a twelve month high of $10.36. The stock has a 50 day simple moving average of $8.84 and a 200-day simple moving average of $9.26.

About WEG

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.