Cementos Argos (OTC:CMTOY) Trading Down 3.4% - Should You Sell?

Key Points

• Cementos Argos stock decreased by 3.4%, trading as low as $13.48, with a volume drop of 15% from its average.
• The company has announced a dividend payment of $0.0988, with a remarkable yield of 1,854.0%, to be disbursed on October 14th to investors of record by September 29th.
• Cementos Argos operates in multiple sectors including cement production, concrete, and reinsurance, primarily serving markets in Colombia and the Caribbean.

Cementos Argos S.A. Sponsored ADR (OTC:CMTOY - )'s stock price dropped 3.4% during trading on Wednesday . The company traded as low as $13.48 and last traded at $13.60. Approximately 2,001 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 2,361 shares. The stock had previously closed at $14.08.

Cementos Argos Stock Down 3.4%

The business has a fifty day moving average of $12.81 and a 200 day moving average of $12.10.

Cementos Argos Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, September 29th will be issued a $0.0988 dividend. The ex-dividend date is Friday, September 26th. This represents a yield of 1,854.0%.

About Cementos Argos

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.

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