Accelleron Industries (OTCMKTS:ACLLY) Trading Up 0.2% - Here's Why

Key Points

• Accelleron Industries AG shares rose by 0.2%, trading at C$92.42 with a notable decline of 64% in daily trading volume compared to average sessions.
• The company recently increased its dividend to $0.8926 per share, up from the previous $0.56, resulting in a substantial dividend yield of 151.0%.
• Accelleron Industries develops and sells turbochargers and digital solutions for sectors including marine, power, oil and gas, and rail industries, and was incorporated in 2021.

Accelleron Industries AG - Unsponsored ADR (OTCMKTS:ACLLY - Get Free Report)'s share price traded up 0.2% on Monday . The company traded as high as C$92.42 and last traded at C$92.42. 529 shares were traded during trading, a decline of 64% from the average session volume of 1,472 shares. The stock had previously closed at C$92.25.

Accelleron Industries Stock Performance

The stock's fifty day moving average price is C$78.05 and its two-hundred day moving average price is C$60.20.

Accelleron Industries Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were issued a $0.8926 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This is a positive change from Accelleron Industries's previous dividend of $0.56. This represents a yield of 151.0%.

Accelleron Industries Company Profile

Accelleron Industries AG develops, manufactures, sells, and services turbochargers and digital solutions worldwide. It provides solutions and services to marine, power, oil and gas, and rail industries. The company was incorporated in 2021 and is headquartered in Baden, Switzerland.