PT United Tractors Tbk (OTCMKTS:PUTKY) Shares Up 2.6% – Should You Buy?

PT United Tractors Tbk (OTCMKTS:PUTKY)’s stock price rose 2.6% during trading on Thursday . The company traded as high as $27.58 and last traded at $27.09. Approximately 5,393 shares were traded during trading, a decline of 67% from the average daily volume of 16,244 shares. The stock had previously closed at $26.39.

PT United Tractors Tbk Price Performance

The company has a 50-day moving average price of $26.66 and a 200 day moving average price of $28.48.

PT United Tractors Tbk Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were paid a dividend of $1.2834 per share. This represents a yield of 6.97%. The ex-dividend date of this dividend was Friday, May 9th. This is an increase from PT United Tractors Tbk’s previous dividend of $0.66. PT United Tractors Tbk’s dividend payout ratio (DPR) is 0.01%.

About PT United Tractors Tbk

PT United Tractors Tbk, together with its subsidiaries, sells and rents heavy equipment in Indonesia. The company operates through six segments: Construction Machinery, Mining Contracting, Coal Mining, Gold and Other Mineral Mining, Construction Industry, and Energy. It also distributes heavy equipment, trucks, cranes, and busses under the Komatsu, UD Trucks, Scania, Bomag, Tadano, and United Tractors names to mining, agriculture, constructions, forestry, as well as material handling and transportation.