Wharf (OTCMKTS:WARFY) Trading 2.5% Higher – Time to Buy?

Shares of The Wharf (Holdings) Limited (OTCMKTS:WARFY) traded up 2.5% during mid-day trading on Wednesday . The company traded as high as $5.75 and last traded at $5.75. 110 shares changed hands during trading, a decline of 94% from the average session volume of 1,929 shares. The stock had previously closed at $5.61.

Wharf Stock Performance

The stock has a 50-day simple moving average of $5.61 and a 200-day simple moving average of $5.41.

Wharf Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 1st were given a $0.0408 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a dividend yield of 145.0%. Wharf’s dividend payout ratio is presently 19.99%.

Wharf Company Profile

Founded in 1886 as the 17th company registered in Hong Kong, The Wharf (Holdings) Limited (Stock Code: 0004) is a premier company with strong connection to the history of Hong Kong. As one of the 30 constituent stocks in the original Hang Seng Index from the 1960s, Wharf is backed by a long standing mission of Building for Tomorrow and a proven track record in management and execution.