Fortum Oyj (OTCMKTS:FOJCY) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Fortum Oyj (OTCMKTS:FOJCY) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.06 and traded as high as $3.35. Fortum Oyj shares last traded at $3.35, with a volume of 2,887 shares traded.

Fortum Oyj Stock Performance

The business has a 50-day simple moving average of $3.06 and a 200-day simple moving average of $2.97.

Fortum Oyj Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, April 25th. Stockholders of record on Thursday, April 3rd will be paid a $0.3032 dividend. The ex-dividend date is Thursday, April 3rd. This is an increase 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.