PCCW (OTCMKTS:PCCWY) Stock Price Up 8.8% - Here's What Happened

Key Points

• PCCW Ltd.'s stock price increased by 8.8% during mid-day trading, rising from a previous close of $6.85 to $7.45.
• The company recently declared a dividend of $0.3466 per share, representing an impressive yield of 1,162.0%, marking an increase from its prior dividend of $0.11.
• PCCW provides a variety of telecommunication services across multiple regions, including local and international telephony, broadband, and outsourcing solutions.

PCCW Ltd. (OTCMKTS:PCCWY - )'s stock price rose 8.8% during mid-day trading on Tuesday . The stock traded as high as $7.46 and last traded at $7.45. Approximately 1,453 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 1,832 shares. The stock had previously closed at $6.85.

PCCW Trading Up 9.5%

The firm has a 50 day moving average of $6.96 and a 200-day moving average of $6.45. The company has a quick ratio of 0.51, a current ratio of 0.59 and a debt-to-equity ratio of 4.17.

PCCW Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 27th. Shareholders 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 represents a yield of 1,162.0%. This is an increase from PCCW's previous dividend of $0.11.

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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