Globe Telecom (OTCMKTS:GTMEY) Trading 6.7% Higher

Globe Telecom, Inc. (OTCMKTS:GTMEY)’s stock price traded up 6.7% on Wednesday . The company traded as high as $41.63 and last traded at $41.63. 140 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 168 shares. The stock had previously closed at $39.00.

Globe Telecom Stock Up 6.7 %

The stock’s 50 day moving average is $34.96 and its two-hundred day moving average is $31.75.

Globe Telecom Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.2861 per share. This is a positive change from Globe Telecom’s previous dividend of $0.29. The ex-dividend date is Tuesday, August 20th. Globe Telecom’s dividend payout ratio is presently 39.48%.

About Globe Telecom

Globe Telecom, Inc provides telecommunications services to individual customers, small and medium-sized businesses, and corporate and enterprise clients in the Philippines. It operates through Mobile Communications Services and Wireline Communication Services segments. The company offers digital wireless communications services under the Globe Postpaid and Prepaid, and Touch Mobile brands; long distance communication or carrier services; broadband, as well as wireline voice and data communication services; and electronic payment and remittance services under the GCash brand.