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

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

Manila Water Stock Up 11.5 %

The business’s 50 day moving average is C$11.85 and its 200 day moving average is C$12.07.

Manila Water Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 10th will be paid 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 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.