Shares of Pacific Basin Shipping Limited (OTCMKTS:PCFBY – Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $4.78 and last traded at $5.17, with a volume of 22095 shares changing hands. The stock had previously closed at $5.33.
Pacific Basin Shipping Stock Performance
The stock’s 50 day moving average is $5.73 and its two-hundred day moving average is $6.13.
Pacific Basin Shipping Cuts Dividend
The firm also recently announced a dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.0926 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a dividend yield of 4.15%.
Pacific Basin Shipping Company Profile
Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services worldwide. The company offers its shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum, and scrap.
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