First Pacific (OTCMKTS:FPAFY) Trading Down 6.1% - Here's What Happened

Key Points

• First Pacific Co. saw its shares decline by 6.1% during mid-day trading, with a trading price as low as $3.89 and a last price of $3.90.
• The company announced a dividend increase, with a payment of $0.0731 per share, reflecting a 375.0% dividend yield compared to the previous dividend of $0.07.
• First Pacific operates across various sectors like telecommunications, infrastructure, and consumer food products in multiple regions including the Philippines, Indonesia, and Singapore.

Shares of First Pacific Co. (OTCMKTS:FPAFY - ) traded down 6.1% during mid-day trading on Monday . The company traded as low as $3.89 and last traded at $3.90. 4,120 shares were traded during mid-day trading, a decline of 87% from the average session volume of 32,697 shares. The stock had previously closed at $4.16.

First Pacific Stock Down 1.3%

The firm has a 50 day simple moving average of $3.73 and a 200-day simple moving average of $3.30. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.35.

First Pacific Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, July 10th. Stockholders of record on Tuesday, June 24th were given a dividend of $0.0731 per share. This represents a dividend yield of 375.0%. This is an increase from First Pacific's previous dividend of $0.07. The ex-dividend date was Monday, June 23rd.

About First Pacific

First Pacific Company Limited, an investment holding company, engages in the consumer food products, telecommunications, infrastructure, and natural resources businesses in the Philippines, Indonesia, Singapore, the Middle East, Africa, and internationally. The company offers a range of telecommunications and digital services, including fiber optic backbone, and fixed line and cellular networks.

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