Shares of Kumba Iron Ore Limited (OTCMKTS:KIROY – Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.68 and traded as low as $7.72. Kumba Iron Ore shares last traded at $8.04, with a volume of 3,400 shares.
Kumba Iron Ore Stock Performance
The business has a 50-day moving average of $8.68 and a two-hundred day moving average of $9.40.
Kumba Iron Ore Increases Dividend
The company also recently announced a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.316 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Kumba Iron Ore’s previous dividend of $0.30.
Kumba Iron Ore Company Profile
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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