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

Key Points

• PCCW Ltd. shares gapped down from $0.69 to $0.64 prior to trading on Tuesday, with a trading volume of 340 shares.
• The company recently cut its dividend, paying a dividend of $0.0977 with a significant yield of 710.0% on August 15th.
• PCCW provides a range of telecommunications services in Hong Kong and internationally, including local and mobile telephony, enterprise solutions, and consulting services.

PCCW Ltd. (OTCMKTS:PCWLF - ) gapped down prior to trading on Tuesday . The stock had previously closed at $0.69, but opened at $0.64. PCCW shares last traded at $0.64, with a volume of 340 shares changing hands.

PCCW Stock Up 1.6%

The business has a 50 day moving average price of $0.68 and a two-hundred day moving average price of $0.66.

PCCW Cuts Dividend

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

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.

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