Shares of Hang Lung Properties Ltd. (OTCMKTS:HLPPY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $4.41, but opened at $4.25. Hang Lung Properties shares last traded at $4.25, with a volume of 1,085 shares trading hands.
Hang Lung Properties Trading Down 3.6%
The stock has a 50-day moving average price of $4.00 and a 200 day moving average price of $4.01.
Hang Lung Properties Increases Dividend
The company also recently declared a dividend, which will be paid on Thursday, June 26th. Shareholders of record on Friday, May 9th will be given a dividend of $0.2374 per share. The ex-dividend date is Thursday, May 8th. This represents a yield of 7.44%. This is an increase from Hang Lung Properties’s previous dividend of $0.07.
About Hang Lung Properties
Hang Lung Properties Limited, an investment holding company, engages in the property investment, development, and management activities in Hong Kong and Mainland China. It operates through Property Leasing and Property Sales segments. The company is involved in the development, sale, and leasing of properties.
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