Cathay Pacific Airways Ltd. Declares Dividend of $0.11 (OTCMKTS:CPCAY)

Key Points

• Cathay Pacific Airways Ltd. declared a dividend of $0.11 per share, with a dividend yield of 573.0%, to be paid on October 20th to stockholders of record as of September 5th.
• The company's shares experienced a 1.2% increase, with a fifty-two week trading range between $4.88 and $7.79.
• Hsbc Global Res upgraded the stock from a "moderate sell" to a "hold" rating, contributing to a consensus rating of "Hold" among analysts.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report) declared a dividend on Saturday, August 30th, investing.com reports. Shareholders of record on Friday, September 5th will be given a dividend of 0.1074 per share by the transportation company on Monday, October 20th. This represents a yield of 573.0%. The ex-dividend date of this dividend is Thursday, September 4th.

Cathay Pacific Airways Price Performance

Cathay Pacific Airways stock traded down $0.01 during trading hours on Wednesday, hitting $6.99. 913 shares of the company traded hands, compared to its average volume of 4,896. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.08. The firm's 50-day simple moving average is $7.10 and its two-hundred day simple moving average is $6.63. Cathay Pacific Airways has a 1-year low of $4.94 and a 1-year high of $7.79.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res raised shares of Cathay Pacific Airways from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cathay Pacific Airways has an average rating of "Hold".

Cathay Pacific Airways Company Profile

Cathay Pacific Airways Limited, together with its subsidiaries, offers international passenger and air cargo transportation services. The company conducts airline operations principally to and from Hong Kong. It also engages in the property investment and travel reward program; operates as a travel tour operator; and provision of financial, aircraft acquisition facilitation, airline catering, information processing, aircraft ramp handling, laundry and dry cleaning, ground handling, and cargo terminal services.