CEMIG (NYSE:CIG) Share Price Crosses Above 200-Day Moving Average of $2.36

Shares of CEMIG (NYSE:CIG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.36 and traded as high as $2.46. CEMIG shares last traded at $2.41, with a volume of 1,440,762 shares traded.

CEMIG Trading Down 2.2 %

The stock’s 50 day simple moving average is $2.41 and its two-hundred day simple moving average is $2.36.

CEMIG shares are set to split on the morning of Friday, May 24th. The 130-100 split was announced on Friday, May 24th. The newly minted shares will be payable to shareholders after the closing bell on Friday, May 24th.

CEMIG Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, April 1st were issued a dividend of $0.0352 per share. The ex-dividend date was Thursday, March 28th. CEMIG’s payout ratio is 41.31%.

About CEMIG

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.