Thursday, May 26, 2011

Joy Global (JOYG) Pushes Up on Stronger Commodity Performance

Mining equipment manufacturer Joy Global (NASDAQ:JOYG) is enjoying a boost in share price as the commodity sector has been strengthening and demand for its products and services remain strong.

The Board of Directors of Joy Global Inc. declared a quarterly common stock dividend of $0.175 per share payable 6/20/11 to shareholders of record at the close of business on 6/6/11.

Joy Global Inc., which participates in the manufacture and servicing of mining equipment for use in commodity production for coal, copper and iron ore, among others, closed Wednesday at $87.27, gaining $1.31, or 1.52 percent.

The company traded in a fairly wide range of $85.18 to $87.99. Volume was close to the 3-month daily average.

In after hours trading the company gained another $0.39, or 0.45 percent, reaching $87.66 a share.

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