Incitec Pivot (OTCMKTS:INCZY) Stock Price Down 9.6% – What’s Next?

Incitec Pivot Limited (OTCMKTS:INCZY)’s stock price dropped 9.6% on Wednesday . The company traded as low as $1.89 and last traded at $1.89. Approximately 8,397 shares changed hands during trading, a decline of 25% from the average daily volume of 11,210 shares. The stock had previously closed at $2.09.

Incitec Pivot Price Performance

The firm’s 50-day moving average is $2.02 and its 200-day moving average is $2.01.

Incitec Pivot Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 30th. Investors of record on Wednesday, December 4th will be issued a $0.0407 dividend. The ex-dividend date is Wednesday, December 4th. This is a positive change from Incitec Pivot’s previous dividend of $0.03. Incitec Pivot’s dividend payout ratio is currently 50.34%.

Incitec Pivot Company Profile

Incitec Pivot Limited, together with its subsidiaries, manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia, the United States, the Asia Pacific, Turkey, France, and internationally. It offers ammonium nitrate, nitrogen-based fertilizer, ammonia, di/mono-ammonium phosphate, and single super phosphate.