Wharf (OTCMKTS:WARFY) Stock Price Up 12% – Time to Buy?

Shares of The Wharf (Holdings) Limited (OTCMKTS:WARFY) rose 12% on Friday . The stock traded as high as $6.72 and last traded at $6.72. Approximately 502 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 1,790 shares. The stock had previously closed at $6.00.

Wharf Trading Up 12.0%

The business has a fifty day moving average price of $5.57 and a 200-day moving average price of $5.60.

Wharf Cuts Dividend

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

About Wharf

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.