Manila Water (OTCMKTS:MWTCY) Shares Up 11.5% – Should You Buy?

Manila Water Company, Inc. (OTCMKTS:MWTCY) shares rose 11.5% during mid-day trading on Thursday . The company traded as high as C$14.05 and last traded at C$14.05. Approximately 100 shares changed hands during trading, a decline of 43% from the average daily volume of 175 shares. The stock had previously closed at C$12.60.

Manila Water Price Performance

The company has a 50-day simple moving average of C$11.85 and a 200 day simple moving average of C$12.07.

Manila Water Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 10th will be paid a $0.7945 dividend. The ex-dividend date is Monday, March 10th. This is an increase from Manila Water’s previous dividend of $0.33. Manila Water’s dividend payout ratio (DPR) is currently 10.90%.

About Manila Water

Manila Water Company, Inc, together with its subsidiaries, provides water treatment and distribution, sewerage, and sanitation services in the Philippines and internationally. The company offers integrated used water, pipework, engineering, procurement, and management services. It also provides its services to people in the East Zone encompassing cities and municipalities, including Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig, Marikina, Quezon City, and Manila, as well as Rizal towns comprising Angono, Antipolo, Baras, Binangonan, Cainta, Cardona, Jala-Jala, Morong, Pililia, Rodriguez, San Mateo, Tanay, Taytay, and Teresa.