MGM China Holdings Limited (OTCMKTS:MCHVY – Get Free Report) shares dropped 8.4% during trading on Friday . The company traded as low as $14.48 and last traded at $14.48. Approximately 4,061 shares were traded during trading, an increase of 393% from the average daily volume of 824 shares. The stock had previously closed at $15.81.
MGM China Price Performance
The company has a fifty day simple moving average of $16.47 and a two-hundred day simple moving average of $18.41.
MGM China Increases Dividend
The business also recently announced a dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 13th were paid a $0.4733 dividend. The ex-dividend date was Friday, September 13th. This is a positive change from MGM China’s previous dividend of $0.32. MGM China’s dividend payout ratio is presently 91.87%.
MGM China Company Profile
MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau.
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