Fortum Oyj (OTCMKTS:FOJCY) Shares Pass Above 50-Day Moving Average – Here’s Why

Fortum Oyj (OTCMKTS:FOJCY)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.06 and traded as high as $3.35. Fortum Oyj shares last traded at $3.35, with a volume of 2,887 shares trading hands.

Fortum Oyj Stock Down 2.0 %

The business has a 50 day moving average of $3.07 and a 200 day moving average of $2.97.

Fortum Oyj Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, April 25th. Stockholders of record on Thursday, April 3rd will be given a $0.3032 dividend. This is a boost from Fortum Oyj’s previous dividend of $0.13. The ex-dividend date of this dividend is Thursday, April 3rd. Fortum Oyj’s dividend payout ratio (DPR) is currently 23.57%.

About Fortum Oyj

Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Sweden, Germany, the United Kingdom, the Netherlands, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and solar power; and provides district heating and cooling, and decarbonization services.