Shares of Hongkong Land Holdings Limited (OTC:HKHGF – Get Free Report) dropped 12.4% on Wednesday . The stock traded as low as $4.74 and last traded at $4.74. Approximately 21,300 shares were traded during trading, an increase of 13% from the average daily volume of 18,878 shares. The stock had previously closed at $5.41.
Hongkong Land Price Performance
The firm has a 50-day simple moving average of $4.39 and a 200 day simple moving average of $4.40.
Hongkong Land Increases Dividend
The company also recently announced a dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, March 21st were given a $0.17 dividend. The ex-dividend date was Friday, March 21st. This is an increase from Hongkong Land’s previous dividend of $0.06. Hongkong Land’s dividend payout ratio (DPR) is currently 36.71%.
Hongkong Land Company Profile
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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