PCCW (OTCMKTS:PCWLF) Shares Gap Down - What's Next?

Key Points

• PCCW Ltd. shares gapped down from a previous close of $0.69 to open at $0.65, marking a decline of 4.8%.
• The company announced a dividend of $0.0977 with a substantial dividend yield of 710.0%, which was paid to stockholders of record on August 18th.
• PCCW provides a range of telecommunications services across Hong Kong and internationally, including mobile, broadband, and consulting services.

PCCW Ltd. (OTCMKTS:PCWLF - Get Free Report)'s stock price gapped down before the market opened 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 2,400 shares trading hands.

PCCW Stock Performance

The firm's 50 day moving average is $0.68 and its 200 day moving average is $0.65.

PCCW Cuts Dividend

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

PCCW Company Profile

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.