CLP (OTCMKTS:CLPHY) Shares Gap Down - Should You Sell?

Key Points

• CLP Holdings Ltd. shares gapped down, opening at $8.00 compared to the previous close of $8.31, and last traded at $8.18 with a volume of 1,834 shares.
• The company recently paid a $0.0723 dividend on September 22nd, with an impressive yield of 438.0%.
• CLP Holdings engages in electricity generation across several countries, utilizing a mix of resources including coal, gas, nuclear, and renewables.

Shares of CLP Holdings Ltd. (OTCMKTS:CLPHY - ) gapped down before the market opened on Tuesday . The stock had previously closed at $8.31, but opened at $8.00. CLP shares last traded at $8.18, with a volume of 1,834 shares changing hands.

CLP Trading Down 0.1%

The company's fifty day moving average price is $8.39 and its 200-day moving average price 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 issued a $0.0723 dividend. This represents a yield of 438.0%. The ex-dividend date was Wednesday, September 3rd.

CLP Company Profile

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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