Zacks Investment Research downgraded shares of SWIRE PAC LTD/S (OTCMKTS:SWRAY) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports.

According to Zacks, “SWIRE PACIFIC LIMITED is one of Hong Kong’s leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial. The company’s operations are predominantly based in the Greater China region, where the Swire group has been established for over 130 years. Swire Pacific seeks to foster long-term, sustainable growth through active participation in management, underpinned by a strong financial base. “

SWRAY traded up $0.08 during trading on Wednesday, reaching $12.31. The stock had a trading volume of 114 shares, compared to its average volume of 15,817. SWIRE PAC LTD/S has a one year low of $9.77 and a one year high of $13.15.

The company also recently announced a Semi-Annual dividend, which will be paid on Monday, May 20th. Investors of record on Wednesday, April 10th will be paid a $0.209 dividend. The ex-dividend date is Tuesday, April 9th. This is a boost from SWIRE PAC LTD/S’s previous Semi-Annual dividend of $0.14.

About SWIRE PAC LTD/S

Swire Pacific Limited engages in property, aviation, beverages, marine services, and trading and industrial businesses in Hong Kong, Asia, the United States, and internationally. Its Property division develops, owns, and operates mixed-use properties. This division's property investment portfolio comprises office and retail premises, serviced apartments, other luxury residential accommodations, and commercial mixed-use developments; and trading portfolio consists of residential properties.

See Also: What is Green Investing?

Get a free copy of the Zacks research report on SWIRE PAC LTD/S (SWRAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SWIRE PAC LTD/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SWIRE PAC LTD/S and related companies with MarketBeat.com's FREE daily email newsletter.