MGM China (OTCMKTS:MCHVY) Stock Price Down 8.4% – Here’s What Happened

Shares of MGM China Holdings Limited (OTCMKTS:MCHVY) were down 8.4% during trading on Friday . The stock traded as low as $14.48 and last traded at $14.48. Approximately 4,061 shares were traded during trading, an increase of 393% from the average daily volume of 824 shares. The stock had previously closed at $15.81.

MGM China Stock Performance

The business has a 50-day moving average price of $16.47 and a 200-day moving average price of $18.41.

MGM China Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 13th were given a $0.4733 dividend. The ex-dividend date was Friday, September 13th. This is an increase from MGM China’s previous dividend of $0.32. MGM China’s payout ratio is currently 91.87%.

MGM China Company Profile

MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau.