Megaworld (OTCMKTS:MGAWY) Shares Down 3.9% – What’s Next?

Megaworld Co. (OTCMKTS:MGAWYGet Free Report)’s stock price was down 3.9% on Wednesday . The company traded as low as $7.40 and last traded at $7.40. Approximately 154 shares changed 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 Trading Down 3.9 %

The firm’s fifty day moving average is $7.48 and its 200-day moving average is $6.64.

Megaworld Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 5th will be issued a $0.2826 dividend. This is a positive change from Megaworld’s previous dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 5th.

Megaworld Company Profile

(Get Free Report)

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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