PCCW (OTCMKTS:PCCWY) Shares Cross Above 50 Day Moving Average - Here's Why

Key Points

• PCCW Ltd. shares have crossed above the fifty-day moving average, trading at $6.95, which is slightly higher than the moving average of $6.93.
• The company cut its dividend to $0.1045 per share, yielding an impressive 676.0%, with the most recent payment made on September 12th.
• PCCW provides telecommunications and related services across multiple regions, including Hong Kong and Mainland China.

PCCW Ltd. (OTCMKTS:PCCWY - ) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.93 and traded as high as $6.95. PCCW shares last traded at $6.95, with a volume of 1,469 shares traded.

PCCW Trading Up 0.9%

The stock's fifty day moving average is $6.93 and its two-hundred day moving average is $6.77.

PCCW Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, August 19th were issued a dividend of $0.1045 per share. This represents a yield of 676.0%. The ex-dividend date was Monday, August 18th.

About PCCW

PCCW Limited provides telecommunications and related services in Hong Kong, Mainland and other parts of China, Singapore, and internationally. The company's services include local telephony, local data and broadband, mobile, enterprise solutions, international telecommunications, and satellite-based and network-based telecommunications services; outsourcing, consulting, and contact center services; and technical consulting and engineering services.

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