PCCW (OTCMKTS:PCWLF) Shares Up 2.2% - What's Next?

Key Points

• PCCW Ltd. shares increased by 2.2%, with trading volume surging 169% compared to the average, as the stock price reached $0.70.
• The company recently cut its dividend to $0.0977 per share, yielding a high 710.0%.
• PCCW provides various telecommunications services across regions including Hong Kong, Mainland China, and Singapore.

PCCW Ltd. (OTCMKTS:PCWLF - )'s share price shot up 2.2% during trading on Tuesday . The stock traded as high as $0.70 and last traded at $0.70. 3,301 shares changed hands during trading, an increase of 169% from the average session volume of 1,229 shares. The stock had previously closed at $0.69.

PCCW Trading Up 2.2%

The company's 50-day simple moving average is $0.68 and its 200 day simple moving average is $0.65.

PCCW Cuts Dividend

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

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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