UPM-Kymmene Oyj (OTCMKTS:UPMMY) Stock Price Down 2% – Here’s What Happened

UPM-Kymmene Oyj (OTCMKTS:UPMMY)’s share price was down 2% during trading on Monday . The company traded as low as $30.40 and last traded at $30.50. Approximately 73,978 shares traded hands during mid-day trading, an increase of 190% from the average daily volume of 25,499 shares. The stock had previously closed at $31.11.

UPM-Kymmene Oyj Trading Down 0.8 %

The firm’s 50 day simple moving average is $32.78 and its two-hundred day simple moving average is $34.24.

UPM-Kymmene Oyj Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 31st will be given a dividend of $0.8112 per share. This represents a dividend yield of 2.42%. The ex-dividend date is Wednesday, October 30th.

UPM-Kymmene Oyj Company Profile

UPM-Kymmene Oyj, together with its subsidiaries, engages in the forest-based bioindustry in Europe, North America, Asia, and internationally. It operates through UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other Operations segments. The company provides softwood, birch, and eucalyptus pulp for tissue, specialty, and graphic papers and packaging; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for transport and petrochemical industry.