Incitec Pivot (OTCMKTS:INCZY) Sees 0.8% Increase – Future Outlook
On Thursday, shares of Incitec Pivot Limited (OTCMKTS:INCZY – Get Free Report) experienced an uptick of 0.8%. The stock reached a high of $2.03 during the session and concluded trading at $1.90. In total, about 2,292 shares changed hands, which represents an 11% decrease from the average daily trading volume of 2,578 shares. Notably, the previous closing price for the stock was $1.89.
Incitec Pivot Price Performance
The stock’s performance is also reflected in its moving averages, as the 50-day moving average and the 200-day moving average both stand at $2.01. This indicates a stable trend in the recent price movement.
Incitec Pivot Increases Dividend
Additionally, the company has announced a recent dividend increase, which was paid to shareholders on Monday, December 30th. Shareholders who were on record as of Wednesday, December 4th, received a dividend of $0.0407 per share, marking an increase from the previous dividend of $0.03. The ex-dividend date for this announcement was also December 4th, and the current dividend payout ratio (DPR) for Incitec Pivot is at 50.34%. This increase in dividends could signal the company's confidence in its financial stability and prospects.
About Incitec Pivot
Incitec Pivot Limited, along with its subsidiaries, operates in the manufacturing and distribution of industrial explosives, chemicals, and fertilizers. Their products are widely available, catering to markets in Australia, the United States, the Asia Pacific region, Turkey, France, and globally. Key offerings include ammonium nitrate, nitrogen-based fertilizers, ammonia, di/mono-ammonium phosphate, and single super phosphate. The company's broad scope demonstrates its vital role in the agricultural and industrial sectors.
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