ATCO (OTCMKTS:ACLLF) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

ATCO Ltd. (OTCMKTS:ACLLF) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $33.74 and traded as low as $32.32. ATCO shares last traded at $32.48, with a volume of 77,114 shares changing hands.

ATCO Trading Down 0.3 %

The business has a 50-day simple moving average of $32.80 and a 200 day simple moving average of $33.75.

ATCO Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.3504 dividend. This represents a dividend yield of 4.21%. The ex-dividend date is Thursday, February 27th. ATCO’s dividend payout ratio is currently 24.22%.

About ATCO

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.