Megaworld Co. (OTCMKTS:MGAWY – Get Free Report) dropped 3.9% during trading on Wednesday . The company traded as low as $7.40 and last traded at $7.40. Approximately 154 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 3,518 shares. The stock had previously closed at $7.70.
Megaworld Price Performance
The firm has a 50-day simple moving average of $7.52 and a two-hundred day simple moving average of $6.65.
Megaworld Increases Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 5th will be issued a $0.2826 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This is an increase from Megaworld’s previous dividend of $0.15.
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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