Ck Hutchison (OTCMKTS:CKHUY) Trading Down 0.8% - Should You Sell?

Key Points

• Ck Hutchison Holdings Ltd shares fell by 0.8% to $6.45, with trading volume decreasing by 34% from its daily average.
• The company has announced a dividend cut, with a new dividend of $0.0725 per share, resulting in a yield of 338.0%.
• Ck Hutchison operates in various sectors, including ports, retail, infrastructure, and telecommunications, both in Hong Kong and internationally.

Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY - ) shares dropped 0.8% during mid-day trading on Tuesday . The stock traded as low as $6.45 and last traded at $6.45. Approximately 72,963 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 110,875 shares. The stock had previously closed at $6.50.

Ck Hutchison Trading Down 0.8%

The firm's fifty day moving average price is $6.53 and its 200-day moving average price is $6.05.

Ck Hutchison Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be given a dividend of $0.0725 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a yield of 338.0%.

Ck Hutchison Company Profile

CK Hutchison Holdings Limited, an investment holding company, primarily operates in ports and related services, retail, infrastructure, and telecommunications businesses in Hong Kong and internationally. The company operates through four segments: Ports and Related Services, Retail, Infrastructure, and Telecommunications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.