Trican Well Service (OTCMKTS:TOLWF) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of Trican Well Service Ltd. (OTCMKTS:TOLWF) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.31 and traded as low as $3.10. Trican Well Service shares last traded at $3.12, with a volume of 33,229 shares trading hands.

Trican Well Service Stock Down 0.1 %

The firm has a fifty day moving average of $3.31 and a two-hundred day moving average of $3.39.

Trican Well Service Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.0352 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Trican Well Service’s previous dividend of $0.03. This represents a yield of 4.61%. Trican Well Service’s payout ratio is currently -145.40%.

Trican Well Service Company Profile

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.