Fortum Oyj (OTCMKTS:FOJCY) Stock Passes Above 50 Day Moving Average – Here’s Why

Fortum Oyj (OTCMKTS:FOJCY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.00 and traded as high as $3.29. Fortum Oyj shares last traded at $3.27, with a volume of 624 shares changing hands.

Fortum Oyj Stock Down 1.5 %

The company has a fifty day moving average price of $3.01 and a two-hundred day moving average price of $2.96.

Fortum Oyj Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 25th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.3032 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This is a boost from Fortum Oyj’s previous dividend of $0.13. Fortum Oyj’s dividend payout ratio (DPR) is presently 23.57%.

Fortum Oyj Company Profile

Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Sweden, Germany, the United Kingdom, the Netherlands, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and solar power; and provides district heating and cooling, and decarbonization services.