China Merchants Holdings International (OTCMKTS:CMHHY) Shares Gap Down - Here's What Happened

Key Points

• China Merchants Holdings International shares gapped down, opening at $19.10 after a previous close of $20.28, with a trading volume of 208 shares.
• The company announced a dividend of $0.2732 per share with a yield of 522.0%, payable on December 4th to investors of record on September 30th.
• The stock's 50-day simple moving average is $19.63, while the 200-day average stands at $17.88, indicating current trading is above these averages.

China Merchants Holdings International Co. (OTCMKTS:CMHHY - )'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $20.28, but opened at $19.10. China Merchants Holdings International shares last traded at $19.10, with a volume of 208 shares trading hands.

China Merchants Holdings International Price Performance

The stock has a 50-day simple moving average of $19.63 and a 200-day simple moving average of $17.88.

China Merchants Holdings International Cuts Dividend

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

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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