Wharf (OTCMKTS:WARFY) Shares Up 4.7% – Should You Buy?

The Wharf (Holdings) Limited (OTCMKTS:WARFY)’s share price rose 4.7% during mid-day trading on Friday . The stock traded as high as $5.71 and last traded at $5.71. Approximately 268 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 1,165 shares. The stock had previously closed at $5.46.

Wharf Stock Up 4.7 %

The stock has a 50-day moving average of $5.13 and a 200 day moving average of $5.79.

Wharf Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, August 28th were paid a dividend of $0.0451 per share. This is an increase from Wharf’s previous dividend of $0.04. The ex-dividend date of this dividend was Wednesday, August 28th. Wharf’s payout ratio is 19.99%.

About Wharf

Founded in 1886 as the 17th company registered in Hong Kong, The Wharf (Holdings) Limited (Stock Code: 0004) is a premier company with strong connection to the history of Hong Kong. As one of the 30 constituent stocks in the original Hang Seng Index from the 1960s, Wharf is backed by a long standing mission of Building for Tomorrow and a proven track record in management and execution.