CEMIG (NYSE:CIG) Increases Dividend to $0.09 Per Share

CEMIG (NYSE:CIG) announced a dividend on Thursday, August 15th, NASDAQ reports. Investors of record on Monday, August 26th will be paid a dividend of 0.0908 per share by the utilities provider on Monday, September 9th. The ex-dividend date of this dividend is Monday, August 26th. This is an increase from CEMIG’s previous dividend of $0.03.

CEMIG has decreased its dividend payment by an average of 100.0% annually over the last three years.

CEMIG Stock Performance

Shares of CIG stock traded up $0.01 during mid-day trading on Friday, hitting $2.08. 1,274,989 shares of the stock were exchanged, compared to its average volume of 2,550,929. The stock’s fifty day simple moving average is $1.89 and its two-hundred day simple moving average is $1.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. CEMIG has a 12-month low of $1.62 and a 12-month high of $2.17. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 5.15 and a beta of 1.29.

CEMIG (NYSE:CIG) last announced its earnings results on Tuesday, May 14th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $1.83 billion during the quarter. CEMIG had a return on equity of 22.54% and a net margin of 14.81%. On average, analysts forecast that CEMIG will post 0.29 EPS for the current year.

CEMIG Company Profile

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.