PCCW (OTCMKTS:PCWLF) Shares Gap Down - Should You Sell?

Key Points

• PCCW Ltd. shares gapped down from a previous closing price of $0.69 to open at $0.65 on Tuesday, with a trading volume of 320 shares.
• The company has recently cut its dividend, with a payment of $0.0977 issued to stockholders, resulting in an impressive dividend yield of 710.0%.
• PCCW provides a range of telecommunications and related services across various regions including Hong Kong, Mainland China, and Singapore.

PCCW Ltd. (OTCMKTS:PCWLF - ) gapped down prior to trading on Tuesday . The stock had previously closed at $0.69, but opened at $0.65. PCCW shares last traded at $0.65, with a volume of 320 shares.

PCCW Stock Up 1.1%

The stock's fifty day moving average price is $0.68 and its 200 day moving average price is $0.66.

PCCW Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were issued a $0.0977 dividend. 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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