China Merchants Holdings International (OTCMKTS:CMHHY) Reaches New 1-Year High - Here's Why

Key Points

• China Merchants Holdings International shares reached a new 52-week high of $20.28, marking a significant increase from a previous close of $19.40.
• The company has announced a dividend of $0.2732 to be paid on December 4th, representing a staggering dividend yield of 522.0%.
• China Merchants Holdings International operates as a port operator with a presence in Mainland China, Brazil, Hong Kong, Taiwan, and other international markets.

China Merchants Holdings International Co. (OTCMKTS:CMHHY - ) shares reached a new 52-week high on Tuesday . The company traded as high as $20.28 and last traded at $20.28, with a volume of 208 shares traded. The stock had previously closed at $19.40.

China Merchants Holdings International Stock Up 4.5%

The business has a fifty day moving average of $19.62 and a two-hundred day moving average of $17.86.

China Merchants Holdings International Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, December 4th. Investors of record on Tuesday, September 30th will be issued a $0.2732 dividend. The ex-dividend date is Monday, September 29th. This represents a dividend yield of 522.0%.

China Merchants Holdings International Company Profile

China Merchants Port Holdings Company Limited, an investment holding company, operates as a port operator in Mainland China, Brazil, Hong Kong, Taiwan, and internationally. The company operates through Ports Operation, Bonded Logistics Operation, and Other Operations segments. It engages in the container, and bulk and general cargo terminal operation; logistic park operation, ports transportation, and airport cargo handling; and property development, holding, and investment activities.

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