PCCW (OTCMKTS:PCCWY) Stock Price Up 10.1% - Here's Why

Key Points

• PCCW Ltd. experienced a significant stock increase of 10.1% during mid-day trading, reaching a price of $7.73, up from a previous close of $7.02.
• The company recently increased its dividend payout to $0.3466 per share, marking a yield of 11.62%, up from its previous dividend of $0.11.
• PCCW provides a variety of telecommunications services domestically in Hong Kong and internationally, including local telephony, broadband, and enterprise solutions.

PCCW Ltd. (OTCMKTS:PCCWY - Get Free Report) shot up 10.1% during mid-day trading on Monday . The company traded as high as $7.73 and last traded at $7.73. 556 shares traded hands during trading, a decline of 70% from the average session volume of 1,844 shares. The stock had previously closed at $7.02.

PCCW Trading Down 2.5%

The stock's fifty day moving average is $6.95 and its 200-day moving average is $6.43. The company has a current ratio of 0.59, a quick ratio of 0.51 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. Investors of record on Wednesday, May 21st were issued a dividend of $0.3466 per share. This represents a yield of 1,162.0%. This is a boost from PCCW's previous dividend of $0.11. The ex-dividend date of this dividend was Tuesday, May 20th.

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.