CEMIG (NYSE:CIG) Shares to Split on Friday, May 24th

Shares of CEMIG (NYSE:CIG) are scheduled to split on Friday, May 24th. The 130-100 split was announced on Friday, May 24th. The newly minted shares will be issued to shareholders after the market closes on Friday, May 24th.

CEMIG Price Performance

Shares of NYSE:CIG opened at $2.60 on Wednesday. The company’s fifty day moving average is $2.44 and its two-hundred day moving average is $2.37. CEMIG has a 12-month low of $2.11 and a 12-month high of $2.75. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

CEMIG Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, April 1st were paid a $0.0352 dividend. The ex-dividend date of this dividend was Thursday, March 28th. CEMIG’s payout ratio is 50.00%.

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.