Cathay Pacific Airways (OTCMKTS:CPCAY) Trading Up 4.3% - Should You Buy?

Key Points

• Cathay Pacific Airways shares rose 4.3% to $7.00, though trading volume decreased by 74% compared to its daily average.
• The company announced a dividend of $0.1074 per share, with a remarkable dividend yield of 573.0%, which was paid on October 20th.
• Cathay Pacific operates primarily in international passenger and air cargo transportation, with additional services in travel and property investment.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - )'s share price was up 4.3% on Wednesday . The company traded as high as $7.00 and last traded at $7.00. Approximately 1,140 shares changed hands during trading, a decline of 74% from the average daily volume of 4,402 shares. The stock had previously closed at $6.71.

Cathay Pacific Airways Stock Performance

The business has a 50 day simple moving average of $6.84 and a 200-day simple moving average of $6.66.

Cathay Pacific Airways Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, October 20th. Investors of record on Friday, September 5th were issued a dividend of $0.1074 per share. This represents a dividend yield of 573.0%. The ex-dividend date was 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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