WEG (WEGZY) to Release Earnings on Wednesday

WEG (OTCMKTS:WEGZY) is expected to post its quarterly earnings results before the market opens on Wednesday, April 30th. Analysts expect WEG to post earnings of $0.08 per share and revenue of $10.51 billion for the quarter.

WEG Stock Performance

OTCMKTS WEGZY opened at $8.06 on Wednesday. The business has a fifty day moving average price of $8.11 and a two-hundred day moving average price of $8.91. WEG has a fifty-two week low of $6.76 and a fifty-two week high of $10.36.

WEG Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, March 31st will be given a dividend of $0.0142 per share. This is an increase from WEG’s previous dividend of $0.01. The ex-dividend date is Monday, March 31st. WEG’s dividend payout ratio is currently 24.44%.

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.