Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report) shares shot up 18.6% during trading on Tuesday following a dividend announcement from the company. The company traded as high as $5.83 and last traded at $5.83. 905 shares changed hands during trading, a decline of 82% from the average session 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. Stockholders of record on Monday, August 25th will be given a dividend of $0.0326 per share. This represents a dividend yield of 228.0%. The ex-dividend date is Friday, August 22nd.
Pacific Basin Shipping Stock Performance
The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $5.33 and a two-hundred day moving average price of $4.77.
Pacific Basin Shipping Company Profile
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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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