Shares of Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY – Get Free Report) traded up 18.6% during mid-day trading on Tuesday following a dividend announcement from the company. The company traded as high as $5.83 and last traded at $5.83. 905 shares traded hands during trading, a decline of 82% from the average session volume of 4,992 shares. The stock had previously closed at $4.91.
The newly announced dividend which will be paid on Friday, September 19th. Investors of record on Monday, August 25th will be given a $0.0326 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a dividend yield of 228.0%.
Pacific Basin Shipping Stock Performance
The company’s 50-day moving average is $5.30 and its 200-day moving average is $4.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 1.26.
Pacific Basin Shipping Company Profile
Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services worldwide. The company offers its shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum, and scrap.
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