Kumba Iron Ore Limited (OTCMKTS:KIROY – Get Free Report)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.63 and traded as low as $6.36. Kumba Iron Ore shares last traded at $6.41, with a volume of 1,029 shares changing hands.
Kumba Iron Ore Trading Down 0.3 %
The stock’s 50-day moving average is $6.63 and its two-hundred day moving average is $6.56.
Kumba Iron Ore Increases Dividend
The company also recently declared 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. This is a boost from Kumba Iron Ore’s previous dividend of $0.25. The ex-dividend date is Friday, March 14th.
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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