Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Up 4.3% - Here's Why

Key Points

• Cathay Pacific Airways' shares rose by 4.3% on Friday, trading at $7.04, despite a significant drop in trading volume compared to average sessions.
• The company declared a dividend of $0.1074, representing a staggering yield of 573.0%, to be paid on October 20th to shareholders of record as of September 5th.
• Cathay Pacific operates mainly international passenger and air cargo transportation services, and recently reported key financial ratios including a debt-to-equity ratio of 1.08.

Shares of Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - ) shot up 4.3% on Friday . The company traded as high as $7.04 and last traded at $7.04. 1,001 shares traded hands during trading, a decline of 79% from the average session volume of 4,783 shares. The stock had previously closed at $6.75.

Cathay Pacific Airways Stock Performance

The business has a fifty day simple moving average of $7.10 and a two-hundred day simple moving average of $6.65. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.38 and a current ratio of 0.38.

Cathay Pacific Airways Announces Dividend

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

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.

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