PCCW (OTCMKTS:PCCWY) Stock Price Down 8.7% - Here's What Happened

Key Points

• PCCW Ltd. experienced a significant drop in stock price, falling by 8.7% to $6.85 during trading on Monday, with a trading volume decline of 20% from its average.
• The company announced an increase in its dividend payment to $0.3466 per share, representing a remarkable dividend yield of 1,162.0%.
• PCCW provides a wide range of telecommunications and related services across Hong Kong, Mainland China, Singapore, and internationally.

PCCW Ltd. (OTCMKTS:PCCWY - )'s share price was down 8.7% during trading on Monday . The stock traded as low as $6.85 and last traded at $6.85. Approximately 1,458 shares changed hands during trading, a decline of 20% from the average daily volume of 1,832 shares. The stock had previously closed at $7.50.

PCCW Price Performance

The stock has a fifty day simple moving average of $6.96 and a 200-day simple moving average of $6.45. The company has a debt-to-equity ratio of 4.17, a quick ratio of 0.51 and a current ratio of 0.59.

PCCW Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.3466 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This is a boost from PCCW's previous dividend of $0.11. This represents a dividend yield of 1,162.0%.

PCCW Company Profile

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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