Fortum Oyj (OTCMKTS:FOJCY) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Fortum Oyj (OTCMKTS:FOJCY)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.09 and traded as low as $2.76. Fortum Oyj shares last traded at $2.99, with a volume of 5,795 shares changing hands.

Fortum Oyj Trading Up 7.6 %

The firm has a fifty day moving average of $3.09 and a 200-day moving average of $2.94.

Fortum Oyj Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 25th. Stockholders of record on Thursday, April 3rd will be paid 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 is currently 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.