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PCCW (OTCMKTS:PCWLF) Shares Gap Down - Here's Why

PCCW logo with Computer and Technology background

PCCW Ltd. (OTCMKTS:PCWLF - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $0.66, but opened at $0.62. PCCW shares last traded at $0.62, with a volume of 400 shares changing hands.

PCCW Trading Down 6.7%

The firm has a 50-day simple moving average of $0.65 and a 200 day simple moving average of $0.60.

PCCW Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 20th will be given a $0.2848 dividend. This represents a dividend yield of 12.59%. The ex-dividend date is Monday, May 19th. This is a positive change from PCCW's previous dividend of $0.10.

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.

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