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Cementos Argos (OTC:CMTOY) Shares Down 5.7% - Here's What Happened

Cementos Argos logo with Construction background

Key Points

  • Cementos Argos shares fell by 5.7% to $12.90, significantly increasing trading volume to 12,280 shares compared to the average of 1,748 shares.
  • The company declared a new dividend of $1.4481, with a yield of 1,645.0%, an increase from the previous dividend of $0.09.
  • Cementos Argos operates in cement, concrete, and related products across multiple regions including Colombia and the United States, and is involved in various ancillary businesses such as reinsurance and property management.
  • MarketBeat previews top five stocks to own in October.

Cementos Argos S.A. Sponsored ADR (OTC:CMTOY - Get Free Report) traded down 5.7% during trading on Tuesday . The stock traded as low as $12.86 and last traded at $12.90. 12,280 shares traded hands during mid-day trading, an increase of 603% from the average session volume of 1,748 shares. The stock had previously closed at $13.68.

Cementos Argos Stock Down 5.7%

The firm's fifty day moving average is $12.50 and its 200 day moving average is $11.93.

Cementos Argos Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, September 19th. Investors of record on Monday, September 15th will be issued a $1.4481 dividend. This represents a yield of 1,645.0%. The ex-dividend date of this dividend is Friday, September 12th. This is a boost from Cementos Argos's previous dividend of $0.09.

About Cementos Argos

(Get Free Report)

Cementos Argos SA offers cement, concrete, aggregates, ready-mix concrete, and hydrated lime products in Colombia, the Caribbean, Central America, and the United States. The company also engages in the reinsurance; property management; transport; and seaports operation businesses. In addition, it exports its products.

See Also

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