Zacks Research cut shares of Swire Pacific (OTCMKTS:SWRAY – Free Report) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks.com reports.
Swire Pacific Stock Performance
Shares of OTCMKTS:SWRAY opened at $8.44 on Monday. Swire Pacific has a 12 month low of $7.77 and a 12 month high of $9.63. The stock’s 50 day moving average price is $8.79 and its 200 day moving average price is $8.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.02 and a quick ratio of 0.89.
Swire Pacific Dividend Announcement
The business also recently declared a dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, September 12th will be issued a $0.1463 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a dividend yield of 462.0%.
About Swire Pacific
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.
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