ATCO Ltd. (OTCMKTS:ACLLF – Get Free Report) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 448,800 shares, a drop of 5.3% from the December 15th total of 473,900 shares. Based on an average daily trading volume, of 25,400 shares, the short-interest ratio is currently 17.7 days.
ATCO Price Performance
ACLLF opened at $32.74 on Friday. The company’s 50 day simple moving average is $33.67 and its two-hundred day simple moving average is $33.15. ATCO has a 1-year low of $25.82 and a 1-year high of $36.10.
ATCO Cuts Dividend
The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were paid a $0.3561 dividend. This represents a dividend yield of 4.11%. The ex-dividend date was Thursday, December 5th. ATCO’s dividend payout ratio (DPR) is presently 24.22%.
About ATCO
ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.
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