Megaworld Co. (OTCMKTS:MGAWY – Get Free Report) rose 1.6% during trading on Thursday . The stock traded as high as $6.65 and last traded at $6.45. Approximately 1,784 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 2,125 shares. The stock had previously closed at $6.35.
Megaworld Price Performance
The company’s 50 day moving average is $7.03 and its 200 day moving average is $6.89.
Megaworld Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, September 23rd. Investors of record on Thursday, August 28th were paid a $0.1812 dividend. This represents a yield of 250.0%. The ex-dividend date of this dividend was Wednesday, August 27th.
Megaworld Company Profile
Megaworld Corporation, together with its subsidiaries, engages in the development, sale, and leasing of real estate properties in the Philippines. The company develops mixed-use planned communities or townships, including residential, commercial, leisure, and entertainment components. Its real estate portfolio comprises residential condominium units, subdivision lots and townhouses, and condominium-hotel projects, as well as office projects and retail spaces.
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