Shares of MGM China Holdings Limited (OTCMKTS:MCHVY – Get Free Report) fell 7.2% on Thursday . The stock traded as low as $15.71 and last traded at $16.36. 1,200 shares changed hands during trading, an increase of 40% from the average session volume of 859 shares. The stock had previously closed at $17.63.
MGM China Price Performance
The company’s 50-day moving average price is $18.98 and its two-hundred day moving average price is $19.62.
MGM China Increases Dividend
The company also recently disclosed a dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 7th were issued a $0.3175 dividend. This is a positive change from MGM China’s previous dividend of $0.14. The ex-dividend date of this dividend was Friday, June 7th. MGM China’s payout ratio is currently 91.87%.
About MGM China
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.
Read More
- Five stocks we like better than MGM China
- The How and Why of Investing in Gold Stocks
- Advance Auto Parts Eyes Long-Term Growth Despite Q2 Hurdles
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Toll Brothers Stock Up on Q3 Beat: Luxury Homes Drive Growth
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- 4 No-Brainer Stocks to Hold This Fall for Steady Gains
Receive News & Ratings for MGM China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGM China and related companies with MarketBeat.com's FREE daily email newsletter.
