Hongkong Land (OTCMKTS:HNGKY) Sees Strong Trading Volume - Here's What Happened

Key Points

• Hongkong Land Holdings Ltd. experienced a significant increase in trading volume, with approximately 13,577 shares traded, marking a 244% increase from the previous session.
• The company announced a $0.24 dividend to be paid on October 22nd, with an impressive dividend yield of 328.0%.
• Hongkong Land has a solid financial position, indicated by a debt-to-equity ratio of 0.18 and a current ratio of 1.30.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report) shares saw strong trading volume on Friday . 13,577 shares were traded during mid-day trading, an increase of 244% from the previous session's volume of 3,949 shares.The stock last traded at $35.48 and had previously closed at $33.56.

Hongkong Land Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.30 and a current ratio of 1.15. The firm's fifty day simple moving average is $31.72 and its 200 day simple moving average is $27.45.

Hongkong Land Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a yield of 328.0%.

About Hongkong Land

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.