The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY) to Issue Dividend of $0.02

The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY - Get Free Report) declared a dividend on Tuesday, June 3rd, investing.com reports. Stockholders of record on Monday, June 9th will be given a dividend of 0.0237 per share on Monday, June 30th. This represents a dividend yield of 4.8%. The ex-dividend date is Friday, June 6th. This is a 92.2% increase from Hong Kong and China Gas's previous dividend of $0.01.

Hong Kong and China Gas Stock Down 12.0%

HOKCY traded down $0.12 on Wednesday, reaching $0.85. 4,236 shares of the company traded hands, compared to its average volume of 28,950. Hong Kong and China Gas has a 52-week low of $0.65 and a 52-week high of $0.99. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.52 and a current ratio of 0.59. The stock's 50 day moving average price is $0.85 and its 200-day moving average price is $0.77.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hong Kong and China Gas stock. Rhumbline Advisers boosted its position in The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY - Free Report) by 26.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,441 shares of the company's stock after buying an additional 27,860 shares during the quarter. Rhumbline Advisers' holdings in Hong Kong and China Gas were worth $107,000 at the end of the most recent reporting period.

Hong Kong and China Gas Company Profile

The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China. It is involved in the provision of smart energy, piped city-gas, upstream and midstream projects, water supply and wastewater treatment, urban waste resource utilization, and natural gas filling stations, as well as new energy exploration and utilization activities.