Shares of Lonking Holdings Limited (OTCMKTS:LKHLY – Get Free Report) rose 14.1% during trading on Wednesday . The company traded as high as $9.64 and last traded at $9.64. Approximately 756 shares traded hands during mid-day trading, an increase of 68% from the average daily volume of 451 shares. The stock had previously closed at $8.45.
Lonking Stock Up 8.7 %
The stock’s fifty day moving average price is $9.54 and its 200 day moving average price is $8.53.
Lonking Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, May 31st will be issued a dividend of $0.4613 per share. This is a boost from Lonking’s previous dividend of $0.08. The ex-dividend date of this dividend is Friday, May 31st.
About Lonking
Lonking Holdings Limited, an investment holding company, manufactures and distributes wheel loaders, road rollers, excavators, forklifts, and other construction machinery in Mainland China and internationally. It operates through three segments: Sale of Construction Machinery, Finance Lease of Construction Machinery, and Financial Investment.
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