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Wynn Macau (OTCMKTS:WYNMY) Reaches New 12-Month High - What's Next?

Wynn Macau logo with Consumer Discretionary background

Key Points

  • Wynn Macau's stock reached a new 52-week high of $9.80 during trading, reflecting increased investor interest despite a trading volume of only 177 shares.
  • The company announced a dividend payment of $0.2013 per share, yielding 417.0%, set to be paid on October 1st to shareholders recorded by September 5th.
  • Wynn Macau's 50-day and 200-day simple moving averages stand at $8.17 and $7.29, respectively, indicating a potential upward trend in the stock's performance.
  • MarketBeat previews top five stocks to own in October.

Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $9.80 and last traded at $9.80, with a volume of 177 shares traded. The stock had previously closed at $9.62.

Wynn Macau Trading Down 5.9%

The company has a fifty day moving average price of $8.34 and a two-hundred day moving average price of $7.34.

Wynn Macau Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th will be issued a $0.2013 dividend. This represents a dividend yield of 417.0%. The ex-dividend date is Thursday, September 4th.

About Wynn Macau

(Get Free Report)

Wynn Macau, Limited, through its subsidiaries, engages in the development, ownership, and operation of integrated destination casino resorts in Macau. The company's Wynn Palace resort features approximately 468,000 square feet of casino space providing 24-hour gaming and various games comprising private gaming salons and sky casinos; a luxury hotel with guest rooms, suites, and villas; and food and beverage outlets.

Further Reading

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