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Hongkong Land (OTCMKTS:HNGKY) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Hongkong Land logo with Finance background

Key Points

  • Hongkong Land shares surpassed their two hundred day moving average, trading at $30.83 after reaching a high of $31.49.
  • The company recently announced a dividend of $0.24, which offers an impressive yield of 328.0%, with significant dates surrounding the payout approaching.
  • Hongkong Land focuses on the investment, development, and management of properties across several regions including Hong Kong, Macau, and Mainland China.
  • MarketBeat previews the top five stocks to own by November 1st.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.71 and traded as high as $31.49. Hongkong Land shares last traded at $30.83, with a volume of 3,936 shares changing hands.

Hongkong Land Stock Up 1.2%

The business has a fifty day simple moving average of $31.99 and a 200 day simple moving average of $28.71.

Hongkong Land Cuts Dividend

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

About Hongkong Land

(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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