Swire Pacific (OTCMKTS:SWRAY) Trading Down 3.8% - Here's Why

Key Points

• Swire Pacific Ltd. saw a significant drop in its stock price, trading down 3.8% to $8.45, with a dramatic decline in trading volume.
• Despite the recent price drop, the company declared a dividend of $0.1463 per share, resulting in a remarkable dividend yield of 462.0%.
• Swire Pacific operates in various sectors including property, aviation, and beverages, with a focus on mixed-use properties across multiple regions.

Swire Pacific Ltd. (OTCMKTS:SWRAY - Get Free Report) shares were down 3.8% during mid-day trading on Wednesday . The company traded as low as $8.45 and last traded at $8.45. Approximately 339 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 35,710 shares. The stock had previously closed at $8.78.

Swire Pacific Stock Down 0.0%

The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $8.87 and a 200-day moving average price of $8.71.

Swire Pacific Announces Dividend

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

Swire Pacific Company Profile

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.