CEMIG (NYSE:CIG) Shares Gap Down to $2.10

CEMIG (NYSE:CIG)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $2.10, but opened at $2.05. CEMIG shares last traded at $2.05, with a volume of 224,160 shares trading hands.

CEMIG Trading Down 1.4 %

The company has a market capitalization of $5.92 billion, a PE ratio of 5.18 and a beta of 1.29. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average price is $1.92 and its two-hundred day moving average price is $1.89.

CEMIG Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 26th will be given a $0.0908 dividend. This is a positive change from CEMIG’s previous dividend of $0.03. The ex-dividend date of this dividend is Monday, August 26th. CEMIG’s dividend payout ratio (DPR) is currently 42.50%.

CEMIG Company Profile

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.