Manila Water (OTCMKTS:MWTCY) Trading Up 11.5% – Time to Buy?

Manila Water Company, Inc. (OTCMKTS:MWTCY)’s share price traded up 11.5% during trading on Thursday . The company traded as high as C$14.05 and last traded at C$14.05. 100 shares were traded during mid-day trading, a decline of 43% from the average session volume of 175 shares. The stock had previously closed at C$12.60.

Manila Water Price Performance

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

Manila Water Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 10th will be given a dividend of $0.7945 per share. This is a boost from Manila Water’s previous dividend of $0.33. The ex-dividend date is Monday, March 10th. Manila Water’s 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.