PCCW (OTCMKTS:PCWLF) Shares Gap Up Following Dividend Announcement

Key Points

• PCCW Ltd. announced a dividend payment of $0.0977 per share, leading to a gap up in its stock price from $0.66 to $0.70.
• The dividend is set to be paid on September 5th, with an ex-dividend date of August 15th and a yield of 710.0%.
• PCCW shares increased by 5.7% following the announcement, with a trading volume of 10,500 shares.

PCCW Ltd. (OTCMKTS:PCWLF - ) gapped up prior to trading on Wednesday after the company announced a dividend. The stock had previously closed at $0.66, but opened at $0.70. PCCW shares last traded at $0.70, with a volume of 10,500 shares changing hands. The newly announced dividend which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be paid a $0.0977 dividend. This represents a dividend yield of 710.0%. The ex-dividend date of this dividend is Friday, August 15th.

PCCW Stock Up 5.7%

The business's fifty day moving average is $0.68 and its 200 day moving average is $0.63.

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.

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