Shares of Pacific Basin Shipping Limited (OTCMKTS:PCFBY – Get Rating) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.53 and traded as low as $7.50. Pacific Basin Shipping shares last traded at $7.50, with a volume of 28,490 shares traded.
Pacific Basin Shipping Stock Down 5.9 %
The stock has a 50-day simple moving average of $8.53 and a 200 day simple moving average of $9.54.
Pacific Basin Shipping Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, September 8th. Shareholders of record on Wednesday, August 10th will be given a $0.4331 dividend. The ex-dividend date is Tuesday, August 9th. This represents a dividend yield of 29.77%.
About Pacific Basin Shipping
Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. It also offers shipping consulting, ocean shipping, crewing, secretarial, and agency and ship management services; and engages in the vessel owning and chartering, and convertible bonds issuing activities.
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