Shares of Hang Lung Properties Limited (OTCMKTS:HLPPY – Get Rating) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.91 and traded as low as $7.55. Hang Lung Properties shares last traded at $7.55, with a volume of 272,425 shares traded.
Hang Lung Properties Price Performance
The business has a fifty day simple moving average of $8.91 and a 200-day simple moving average of $9.18.
Hang Lung Properties Increases Dividend
The company also recently announced a dividend, which will be paid on Tuesday, May 30th. Shareholders of record on Wednesday, May 3rd will be issued a $0.3628 dividend. This represents a yield of 5.2%. The ex-dividend date is Tuesday, May 2nd. This is a boost from Hang Lung Properties’s previous dividend of $0.10.
About Hang Lung Properties
Hang Lung Properties Limited, an investment holding company, engages in the property investment, development, and management activities in Hong Kong and Mainland China. The company operates through Property Leasing and Property Sales segments. The company is involved in the development, sale, and leasing of properties.
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