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Hongkong Land (OTCMKTS:HNGKY) Share Price Crosses Below 200-Day Moving Average - Here's Why

Hongkong Land logo with Finance background

Hongkong Land Holdings Limited (OTCMKTS:HNGKY - Get Free Report)'s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.73 and traded as low as $20.35. Hongkong Land shares last traded at $22.29, with a volume of 3,502 shares traded.

Hongkong Land Trading Up 2.6 %

The firm's 50-day moving average price is $22.00 and its 200 day moving average price is $21.80.

Hongkong Land Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Friday, March 21st will be issued a $0.85 dividend. This is a boost from Hongkong Land's previous dividend of $0.26. The ex-dividend date of this dividend is Friday, March 21st.

Hongkong Land Company Profile

(Get Free Report)

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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