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

Key Points

• PCCW Ltd. shares experienced a gap down, opening at $0.65 after closing at $0.67.
• The company recently declared a dividend of $0.0977 per share, leading to a significant dividend yield of 710.0%.
• PCCW Limited offers a variety of telecommunications services across Hong Kong, Mainland China, and internationally.

PCCW Ltd. (OTCMKTS:PCWLF - )'s stock price gapped down prior to trading on Monday . The stock had previously closed at $0.67, but opened at $0.65. PCCW shares last traded at $0.65, with a volume of 500 shares changing hands.

PCCW Trading Up 0.8%

The business has a 50-day simple moving average of $0.68 and a 200-day simple moving average of $0.66.

PCCW Cuts Dividend

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

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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