Comp En De Mn Cemig ADS (CIG) Plans … Dividend of $0.01
Comp En De Mn Cemig ADS (NYSE:CIG) declared a … dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be given a dividend of 0.0142 per share by the utilities provider on Wednesday, December 13th. The ex-dividend date of this dividend is Friday, December 8th.
Comp En De Mn Cemig ADS has decreased its dividend by an average of 54.0% annually over the last three years.
Shares of Comp En De Mn Cemig ADS (CIG) traded up $0.03 during trading hours on Tuesday, reaching $2.12. The company’s stock had a trading volume of 2,468,000 shares, compared to its average volume of 4,503,041. Comp En De Mn Cemig ADS has a fifty-two week low of $1.95 and a fifty-two week high of $3.84. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 0.67.
A number of brokerages have weighed in on CIG. BidaskClub raised Comp En De Mn Cemig ADS from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. J P Morgan Chase & Co raised Comp En De Mn Cemig ADS from a “neutral” rating to an “overweight” rating in a research report on Monday, November 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $2.80.
Comp En De Mn Cemig ADS Company Profile
Companhia Energetica de Minas Gerais-CEMIG is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company’s segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation.
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