PCCW (OTCMKTS:PCCWY) Trading Up 10.1% - What's Next?

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 - )'s stock price was up 10.1% during mid-day trading on Monday . The company traded as high as $7.73 and last traded at $7.73. Approximately 556 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 1,844 shares. The stock had previously closed at $7.02.

PCCW Stock Performance

The company has a fifty day moving average of $6.88 and a two-hundred day moving average of $6.40. 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 announced a dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, May 21st were issued a $0.3466 dividend. This represents a dividend yield of 11.62%. This is a boost from PCCW's previous dividend of $0.11. The ex-dividend date was Tuesday, May 20th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.