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Hongkong Land (OTCMKTS:HNGKY) Share Price Passes Below Fifty Day Moving Average - Here's Why

Hongkong Land logo with Finance background

Hongkong Land Holdings Limited (OTCMKTS:HNGKY - Get Free Report)'s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $21.93 and traded as low as $19.60. Hongkong Land shares last traded at $20.17, with a volume of 6,948 shares traded.

Hongkong Land Stock Performance

The firm's 50 day moving average price is $21.84 and its 200-day moving average price is $21.90.

Hongkong Land Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Friday, March 21st will be given a dividend of $0.85 per share. The ex-dividend date is Friday, March 21st. This is an increase from Hongkong Land's previous dividend of $0.26.

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.

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