Shares of Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report) rose 18.6% on Tuesday after the company announced a dividend. The company traded as high as $5.83 and last traded at $5.83. Approximately 905 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 4,992 shares. The stock had previously closed at $4.91.
The newly announced dividend which will be paid on Friday, September 19th. Investors of record on Monday, August 25th will be issued a $0.0326 dividend. This represents a dividend yield of 228.0%. The ex-dividend date is Friday, August 22nd.
Pacific Basin Shipping Trading Down 14.2%
The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average of $5.33 and a 200-day moving average of $4.77.
About Pacific Basin Shipping
(
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Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services worldwide. The company offers its shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum, and scrap.
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