Iluka Resources Limited (OTCMKTS:ILKAY – Get Free Report) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 300 shares, a decline of 25.0% from the February 13th total of 400 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is presently 0.6 days.
Iluka Resources Price Performance
OTCMKTS ILKAY opened at $13.16 on Friday. Iluka Resources has a 12-month low of $12.89 and a 12-month high of $26.73. The firm’s fifty day simple moving average is $14.64 and its two-hundred day simple moving average is $17.79.
Iluka Resources Increases Dividend
The firm also recently announced a dividend, which will be paid on Monday, April 14th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.1272 per share. This is an increase from Iluka Resources’s previous dividend of $0.11. The ex-dividend date is Wednesday, March 5th. Iluka Resources’s payout ratio is -407.68%.
Iluka Resources Company Profile
Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally. It operates through Jacinth-Ambrosia/Mid-West, Cataby/South West, Rare Earths, and United States/Murray Basin segments.
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