Hello people from Leo Finance.
I'll start my daily newsletter talking to you, as mentioned in the previous post, about the 5 stocks I own. Let's see how their quotation was and how it is being during the day, remembering that the dollar exchange rate, now that I write this text, is 1$ American dollar = R$5.19 Brazilian reais
Wege3
weg, a company of electric motors, paints, varnishes and technology for electrical products, such as wind turbines and wind turbines, and, in my opinion, the best company on the stock exchange, opened the market quoted at R$38.81. Its closing price the day before was R$39.00.
During the day, before noon, it reached its maximum quotation of R$39.35. This was around 11 am.
Today there was news about weg, in the morning, which I thought would boost its share price. It has just acquired 100% of the startup Mvisia, which is a company completely focused on the technology of things. This will make weg capture more market in relation to 5g internet.
However, this news did not cause weg's share price to rise. On the contrary, she fell. In its lowest period it reached R$38.01. Now, as I write this text for you, at 4:15 pm, it is quoted at R$38.33. It's up a bit from its low, but is down from the previous day.
From noon to 2 o'clock in the afternoon, its quotation was at a low point, giving a slight rise, as previously mentioned, at 3:45 in the afternoon.
With the price that weg is today and its dividend payout around 50%, it has a dividend yield of 1.23%. It's a low dividend, however, it increases your dividends distributed annually for over a decade!!
I remind all of you that investment is made for the long term. We have to focus on buy and hold.
I still want to accumulate many more WEG shares and have the best Brazilian company on the stock exchange in my portfolio.
I hope you enjoyed. Thank you all!!
Picture's souce: https://www.weg.net/institutional/BR/pt/news/resultados-e-investimentos/weg-vai-produzir-motores-eletricos-de-baixa-tensao-na-india