PCCW (OTCMKTS:PCWLF) Shares Up 6.8% - Here's Why

PCCW Limited (OTCMKTS:PCWLF - Get Free Report) shares shot up 6.8% during mid-day trading on Friday . The stock traded as high as $0.69 and last traded at $0.67. 3,528 shares were traded during trading, an increase of 21% from the average session volume of 2,919 shares. The stock had previously closed at $0.63.

PCCW Stock Performance

The company has a 50 day moving average of $0.64 and a 200-day moving average of $0.60.

PCCW Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.2848 per share. The ex-dividend date of this dividend is Monday, May 19th. This is a boost from PCCW's previous dividend of $0.10. This represents a yield of 12.59%.

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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