UPM-Kymmene Oyj (OTCMKTS:UPMMY – Get Free Report) dropped 3.9% on Tuesday . The company traded as low as $26.45 and last traded at $26.56. Approximately 158,757 shares traded hands during mid-day trading, an increase of 446% from the average daily volume of 29,081 shares. The stock had previously closed at $27.64.
UPM-Kymmene Oyj Price Performance
The company’s 50-day moving average is $31.36 and its 200-day moving average is $33.75.
UPM-Kymmene Oyj Dividend Announcement
The firm also recently declared an annual dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 31st will be issued a dividend of $0.8112 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a yield of 2.42%.
About UPM-Kymmene Oyj
UPM-Kymmene Oyj, together with its subsidiaries, engages in the forest-based bioindustry in Europe, North America, Asia, and internationally. It operates through UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other Operations segments. The company provides softwood, birch, and eucalyptus pulp for tissue, specialty, and graphic papers and packaging; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for transport and petrochemical industry.
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