PCCW (OTCMKTS:PCWLF) Stock Price Down 6.1% - Here's Why

Key Points

• PCCW Ltd. shares fell 6.1% during trading, closing at $0.65, with a significant drop in trading volume at approximately 725 shares compared to an average of 2,479 shares.
• The company announced a recent dividend cut, paying $0.0977 per share, translating to a high yield of 710.0% for investors of record.
• PCCW offers a range of telecommunication services across multiple regions, including local telephony, mobile solutions, and international telecommunications.

PCCW Ltd. (OTCMKTS:PCWLF - Get Free Report)'s share price traded down 6.1% during trading on Thursday . The company traded as low as $0.65 and last traded at $0.65. 725 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 2,479 shares. The stock had previously closed at $0.69.

PCCW Price Performance

The business has a fifty day simple moving average of $0.68 and a 200 day simple moving average of $0.65.

PCCW Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were issued a $0.0977 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a yield of 710.0%.

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.