Equatorial Energia (OTCMKTS:EQUEY) Shares Up 5.9% – Here’s Why

Equatorial Energia S.A. (OTCMKTS:EQUEY)’s share price shot up 5.9% during mid-day trading on Tuesday . The stock traded as high as $5.68 and last traded at $5.68. 101 shares changed hands during trading, a decline of 98% from the average session volume of 5,801 shares. The stock had previously closed at $5.36.

Equatorial Energia Price Performance

The business has a 50 day simple moving average of $5.82 and a 200-day simple moving average of $6.01.

Equatorial Energia Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, September 17th. Shareholders of record on Wednesday, September 11th were paid a $0.0241 dividend. This represents a yield of 0.38%. The ex-dividend date of this dividend was Tuesday, September 10th. This is an increase from Equatorial Energia’s previous dividend of $0.01. Equatorial Energia’s dividend payout ratio is 29.66%.

Equatorial Energia Company Profile

Equatorial Energia SA, through its subsidiaries, engages in the electricity generation, distribution, transmission, and sanitation operations in Brazil. It operates through Distribution, Transmission, Wind Generation, Services, Sanitation, and Other segments. The company generates energy from wind, solar, biomass, qualified co-generation, and hydroelectric plants.