Wharf (OTCMKTS:WARFY) Shares Down 5.3%

The Wharf (Holdings) Limited (OTCMKTS:WARFY)’s share price fell 5.3% during trading on Friday . The company traded as low as $4.61 and last traded at $4.61. 404 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 1,139 shares. The stock had previously closed at $4.87.

Wharf Price Performance

The company has a 50-day moving average price of $5.30 and a two-hundred day moving average price of $5.94.

Wharf Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, September 27th. Shareholders of record on Wednesday, August 28th will be issued a dividend of $0.0451 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This is a positive change from Wharf’s previous dividend of $0.04. Wharf’s payout ratio is presently 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.