Hongkong Land (OTCMKTS:HNGKY) Reaches New 1-Year High - Here's What Happened

Key Points

• Hongkong Land Holdings Ltd. reached a new 52-week high, trading at $34.57 with a volume of 6,663 shares, up from a previous close of $32.81.
• The company reported a dividend cut, declaring a dividend of $0.24 per share, with a yield of 328.0% to be paid on October 22nd.
• Hongkong Land operates in the investment, development, and management of properties across multiple regions, managing approximately 850,000 square meters of assets primarily in Hong Kong and Singapore.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $34.57 and last traded at $34.57, with a volume of 6663 shares changing hands. The stock had previously closed at $32.81.

Hongkong Land Stock Performance

The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. The company's 50-day moving average price is $31.72 and its two-hundred day moving average price is $27.42.

Hongkong Land Cuts Dividend

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

Hongkong Land Company Profile

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.