Swire Pacific (OTCMKTS:SWRAY) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Swire Pacific Ltd. shares crossed above their 200-day moving average, currently at $8.69, trading as high as $8.90 and last priced at $8.88.
• The company announced a dividend of $0.1463 to be paid on October 20th, representing a remarkable dividend yield of 462.0%.
• Swire Pacific operates across various sectors, including property, aviation, and beverages, primarily in Hong Kong and Mainland China.

Swire Pacific Ltd. (OTCMKTS:SWRAY - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.69 and traded as high as $8.90. Swire Pacific shares last traded at $8.88, with a volume of 18,221 shares traded.

Swire Pacific Price Performance

The stock has a 50 day moving average of $8.88 and a 200 day moving average of $8.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.06 and a quick ratio of 0.92.

Swire Pacific Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.1463 per share. This represents a dividend yield of 462.0%. The ex-dividend date of this dividend is Thursday, September 11th.

About Swire Pacific

Swire Pacific Limited engages in property, aviation, beverages, marine, and trading and industrial businesses in Hong Kong, Mainland China, rest of Asia, the United States, and internationally. The company's Property division develops, owns, and operates mixed-use properties. This division's property investment portfolio comprises office and retail premises, serviced apartments, and other luxury residential accommodations; and trading portfolio consists of residential properties.