Comp En De Mn Cemig ADS (CIG) to Distribute Special Dividend of $0.03 on January 7th

Comp En De Mn Cemig ADS (NYSE:CIG) announced a special dividend on Thursday, December 18th. Investors of record on Monday, December 29th will be paid a dividend of 0.0264 per share by the utilities provider on Wednesday, January 7th. The ex-dividend date of this dividend is Monday, December 29th.

Comp En De Mn Cemig ADS has raised its dividend by an average of 0.3%annually over the last three years. Comp En De Mn Cemig ADS has a dividend payout ratio of 68.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Comp En De Mn Cemig ADS to earn $0.23 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 65.2%.

Comp En De Mn Cemig ADS Price Performance

Comp En De Mn Cemig ADS stock opened at $1.99 on Friday. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 9.93 and a beta of 0.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $2.07 and a 200 day simple moving average of $1.99. Comp En De Mn Cemig ADS has a 52 week low of $1.59 and a 52 week high of $2.30.

Comp En De Mn Cemig ADS Company Profile

Companhia Energética de Minas Gerais SA (Cemig ADS) is a leading Brazilian energy company primarily engaged in the generation, transmission, distribution and commercialization of electric power. Headquartered in Belo Horizonte, the company operates as a vertically integrated utility, serving residential, commercial and industrial customers across its concession areas. In addition to its core electricity business, Cemig maintains interests in natural gas distribution and distinct energy-related ventures, including renewable sources and infrastructure projects.

In its generation segment, Cemig manages a diversified portfolio that includes hydroelectric, photovoltaic and wind power plants.