Kumba Iron Ore Ltd. (OTCMKTS:KIROY) to Issue Dividend of $0.23

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Kumba Iron Ore Ltd. (OTCMKTS:KIROY - Get Free Report) declared a dividend on Tuesday, August 19th, investing.com reports. Investors of record on Monday, August 25th will be paid a dividend of 0.2254 per share on Thursday, September 4th. This represents a yield of 859.0%. The ex-dividend date is Friday, August 22nd.

Kumba Iron Ore Stock Down 1.1%

KIROY traded down $0.06 during trading on Friday, reaching $5.60. 3,635 shares of the company's stock were exchanged, compared to its average volume of 3,139. The business has a 50 day moving average price of $5.71 and a 200 day moving average price of $5.90. Kumba Iron Ore has a fifty-two week low of $4.78 and a fifty-two week high of $7.8950.

Wall Street Analysts Forecast Growth

Separately, HSBC cut shares of Kumba Iron Ore to a "hold" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold".

Kumba Iron Ore Company Profile

Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.