Insurance Australia Group (OTCMKTS:IAUGY) Trading Down 1.8% – What’s Next?

Insurance Australia Group Limited (OTCMKTS:IAUGY) shares fell 1.8% on Monday . The stock traded as low as $24.41 and last traded at $24.41. 135 shares were traded during trading, a decline of 86% from the average session volume of 978 shares. The stock had previously closed at $24.85.

Insurance Australia Group Stock Performance

The company’s 50 day moving average is $24.38 and its two-hundred day moving average is $22.63.

Insurance Australia Group Increases Dividend

The business also recently announced a dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.2866 per share. This is a boost from Insurance Australia Group’s previous dividend of $0.20. The ex-dividend date of this dividend was Tuesday, September 3rd. Insurance Australia Group’s dividend payout ratio (DPR) is presently 69.30%.

Insurance Australia Group Company Profile

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand. It offers personal and commercial insurance products, including bicycle, comprehensive motor, commercial and motor fleet, commercial property and liability, construction and engineering, consumer credit, compulsory third party, directors and officers, extended warranty, farm, crop, livestock, home and contents, income protection, marine, veteran, vintage and classic car, boat, caravan, travel, life, professional indemnity, public and product liability, security, workers' compensation, motor vehicle, personal liability, business, and rural and horticultural, as well as reinsurance.