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CLP (OTCMKTS:CLPHY) Shares Gap Down - Here's What Happened

CLP logo with Utilities background

Key Points

  • CLP Holdings Ltd. shares gapped down from a previous closing price of $8.38 to open at $8.14, and last traded at $8.31.
  • The company recently cut its dividend, paying $0.0723 per share, resulting in a dividend yield of 438.0%.
  • CLP engages in the generation, transmission, and distribution of electricity across several regions, including Hong Kong, Mainland China, and Australia.
  • MarketBeat previews top five stocks to own in November.

CLP Holdings Ltd. (OTCMKTS:CLPHY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $8.38, but opened at $8.14. CLP shares last traded at $8.31, with a volume of 2,355 shares changing hands.

CLP Price Performance

The firm's fifty day simple moving average is $8.36 and its 200-day simple moving average is $8.38.

CLP Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 22nd. Investors of record on Thursday, September 4th were paid a dividend of $0.0723 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a dividend yield of 438.0%.

CLP Company Profile

(Get Free Report)

CLP Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India Thailand, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar.

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