Shares of Kumba Iron Ore Limited (OTCMKTS:KIROY – Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.45 and traded as high as $6.63. Kumba Iron Ore shares last traded at $6.63, with a volume of 57,720 shares.
Kumba Iron Ore Stock Down 0.9 %
The company’s fifty day simple moving average is $6.47 and its 200 day simple moving average is $6.56.
Kumba Iron Ore Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.3586 per share. The ex-dividend date is Friday, March 14th. This is a boost from Kumba Iron Ore’s previous dividend of $0.25.
About Kumba Iron Ore
Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.
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