China Merchants Holdings International (OTCMKTS:CMHHY) Shares Gap Up - Time to Buy?

Key Points

• China Merchants Holdings International's shares gapped up from a previous close of $19.10 to open at $19.80, marking a trading increase of 3.7%.
• The company recently announced a dividend of $0.2732 per share, set to be paid on December 4th, representing an impressive yield of 522.0%.
• China Merchants operates as a port operator across various regions, including Mainland China and Brazil, involved in container and bulk cargo terminal operations among other logistics services.

Shares of China Merchants Holdings International Co. (OTCMKTS:CMHHY - ) gapped up prior to trading on Friday . The stock had previously closed at $19.10, but opened at $19.80. China Merchants Holdings International shares last traded at $19.80, with a volume of 261 shares trading hands.

China Merchants Holdings International Trading Up 3.7%

The stock's fifty day moving average is $19.60 and its 200-day moving average is $17.91.

China Merchants Holdings International Cuts Dividend

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