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PCCW (OTCMKTS:PCWLF) Shares Gap Down - Time to Sell?

PCCW logo with Computer and Technology background

Key Points

  • PCCW Ltd. shares gapped down to $0.65 after closing at $0.71, marking a decrease of 7.3% in its trading price.
  • The company has declared an increased dividend of $0.2848 per share, significantly higher than the previous $0.10 per share, resulting in a remarkable dividend yield of 1,259.0%.
  • PCCW provides a range of telecommunications and related services in Hong Kong, China, and internationally, including local telephony, broadband, and mobile services.
  • Looking to Export and Analyze PCCW Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

PCCW Ltd. (OTCMKTS:PCWLF - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $0.71, but opened at $0.65. PCCW shares last traded at $0.65, with a volume of 1,280 shares changing hands.

PCCW Price Performance

The stock has a 50-day moving average price of $0.67 and a 200 day moving average price of $0.63.

PCCW Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, May 20th were given a dividend of $0.2848 per share. The ex-dividend date was Monday, May 19th. This is a positive change from PCCW's previous dividend of $0.10. This represents a dividend yield of 1,259.0%.

About PCCW

(Get Free Report)

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.

Further Reading

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