Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY – Get Free Report) shares shot up 5% during trading on Tuesday following a dividend announcement from the company. The company traded as high as $31.90 and last traded at $31.90. 420 shares changed hands during trading, a decline of 89% from the average session volume of 3,953 shares. The stock had previously closed at $30.38.
The newly announced dividend which will be paid on Wednesday, October 22nd. Stockholders of record on Monday, August 25th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, August 22nd. This represents a dividend yield of 328.0%.
Hongkong Land Trading Down 1.3%
The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 1.30. The business has a 50 day moving average price of $30.67 and a 200-day moving average price of $25.78.
About Hongkong Land
Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.
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