PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Trading Up 3.7%

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) shares rose 3.7% during mid-day trading on Friday . The company traded as high as $19.85 and last traded at $19.85. Approximately 183 shares changed hands during trading, a decline of 91% from the average daily volume of 1,970 shares. The stock had previously closed at $19.14.

PT Indofood Sukses Makmur Tbk Trading Up 3.7 %

The business’s 50-day simple moving average is $18.88 and its 200-day simple moving average is $19.76.

PT Indofood Sukses Makmur Tbk Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 15th will be given a dividend of $0.6031 per share. The ex-dividend date is Monday, July 15th. PT Indofood Sukses Makmur Tbk’s payout ratio is currently 24.14%.

About PT Indofood Sukses Makmur Tbk

PT Indofood Sukses Makmur Tbk operates as a food solutions company in Indonesia, the Middle East, Africa, rest of Asia, internationally. It operates through Consumer Branded Products Business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group segments. It offers noodles; ultra-high temperature (UHT), sterilized bottled, evaporated, pasteurized liquid, UHT multi-cereal, and powdered milk; milk-flavored and cereal powdered drinks, sweetened condensed creamer, ice cream, and butter; potato, cassava, soybean, corn, and various extruded snacks; recipe mixes, soy and chili sauce, tomato sauce, and stock soup; baby cereals; rice puffs, crunchies, biscuits, puddings, noodle soup, and pasta; cereal snacks for children; and ready-to-drink tea, packaged water, and fruit-flavored drinks.