Weg S.A. (OTCMKTS:WEGZY) to Issue Dividend Increase – $0.01 Per Share

Weg S.A. (OTCMKTS:WEGZY) announced a dividend on Wednesday, March 19th, NASDAQ Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.0142 per share on Wednesday, August 20th. The ex-dividend date is Monday, March 31st. This is a 70.0% increase from WEG’s previous dividend of $0.0083505.

WEG Price Performance

OTCMKTS WEGZY opened at $8.31 on Friday. The business has a 50 day simple moving average of $8.83 and a 200 day simple moving average of $9.25. WEG has a 52-week low of $6.92 and a 52-week high of $10.36.

About WEG

WEG SA engages in the production and sale of capital goods in Brazil and internationally. The company offers electric motors, generators, and transformers; gear units and geared motors; hydraulic and steam turbines; frequency converters; motor starters and maneuver devices; control and protection of electric circuits for industrial automation; power sockets and switches; and electric traction solutions for heavy vehicles, SUV vehicles, locomotives, and sea transportation capital goods.