CLP (OTCMKTS:CLPHY) Stock Price Up 0.5% - Time to Buy?

Key Points

• CLP Holdings Ltd. (OTCMKTS:CLPHY) saw its stock price increase by 0.5% to $8.48, with trading volume decreasing by 8% compared to its average daily volume.
• The company recently cut its dividend, paying out $0.0723 per share, which translates to a significant dividend yield of 438.0%.
• CLP Holdings is involved in the generation, transmission, and distribution of electricity across various regions, including Hong Kong, Mainland China, and Australia, utilizing various energy sources.

CLP Holdings Ltd. (OTCMKTS:CLPHY - )'s share price rose 0.5% during mid-day trading on Tuesday . The stock traded as high as $8.64 and last traded at $8.48. Approximately 73,264 shares traded hands during trading, a decline of 8% from the average daily volume of 79,250 shares. The stock had previously closed at $8.43.

CLP Trading Up 0.5%

The stock has a fifty day moving average price of $8.35 and a two-hundred day moving average price of $8.39.

CLP Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, September 22nd. Stockholders of record on Thursday, September 4th were issued 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

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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