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Hongkong Land (OTCMKTS:HNGKY) Hits New 12-Month High - Should You Buy?

Hongkong Land logo with Finance background

Shares of Hongkong Land Holdings Limited (OTCMKTS:HNGKY - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $28.36 and last traded at $28.20, with a volume of 2332 shares changing hands. The stock had previously closed at $27.00.

Hongkong Land Stock Performance

The stock's 50 day moving average is $23.72 and its two-hundred day moving average is $22.73.

Hongkong Land Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 21st. Stockholders of record on Friday, March 21st were issued a $0.85 dividend. This is a boost from Hongkong Land's previous dividend of $0.26. The ex-dividend date of this dividend was Friday, March 21st.

Hongkong Land Company Profile

(Get Free Report)

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.

Further Reading

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