Manila Water (OTCMKTS:MWTCY) Stock Price Up 11.5% – Here’s Why

Manila Water Company, Inc. (OTCMKTS:MWTCY)’s stock price was up 11.5% during trading on Thursday . The stock traded as high as C$14.05 and last traded at C$14.05. Approximately 100 shares changed hands during trading, a decline of 43% from the average daily volume of 175 shares. The stock had previously closed at C$12.60.

Manila Water Stock Performance

The firm has a 50-day moving average of C$11.89 and a 200 day moving average of C$12.08.

Manila Water Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 10th will be paid a $0.7945 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Manila Water’s previous dividend of $0.33. Manila Water’s dividend payout ratio is 10.90%.

Manila Water Company Profile

Manila Water Company, Inc, together with its subsidiaries, provides water treatment and distribution, sewerage, and sanitation services in the Philippines and internationally. The company offers integrated used water, pipework, engineering, procurement, and management services. It also provides its services to people in the East Zone encompassing cities and municipalities, including Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig, Marikina, Quezon City, and Manila, as well as Rizal towns comprising Angono, Antipolo, Baras, Binangonan, Cainta, Cardona, Jala-Jala, Morong, Pililia, Rodriguez, San Mateo, Tanay, Taytay, and Teresa.