Cathay Pacific Airways (OTCMKTS:CPCAY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Cathay Pacific Airways saw an increase in trading volume with approximately 4,913 shares traded, marking a 3% rise from the previous session.
• The company announced a dividend of $0.1074, which will be paid on October 20th, representing a substantial dividend yield of 573.0%.
• The stock is currently down 1.9%, with a last traded price of $6.66 compared to a previous close of $6.78.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 4,913 shares traded hands during mid-day trading, an increase of 3% from the previous session's volume of 4,761 shares.The stock last traded at $6.66 and had previously closed at $6.78.

Cathay Pacific Airways Price Performance

The company has a debt-to-equity ratio of 1.08, a current ratio of 0.38 and a quick ratio of 0.38. The business has a 50-day simple moving average of $7.05 and a 200 day simple moving average of $6.65.

Cathay Pacific Airways Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, October 20th. Investors of record on Friday, September 5th will be paid a dividend of $0.1074 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a yield of 573.0%.

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.