First Pacific (OTCMKTS:FPAFY) Hits New 52-Week High - What's Next?

Key Points

• First Pacific Co. shares have reached a new 52-week high of $4.19 during trading, reflecting notable investor interest.
• The company recently declared a dividend increase to $0.0731 per share, representing a significant 375% dividend yield.
• First Pacific operates in various sectors, including telecommunications, consumer food products, and infrastructure, across multiple regions including Southeast Asia and the Middle East.

Shares of First Pacific Co. (OTCMKTS:FPAFY - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $4.19 and last traded at $4.15, with a volume of 9407 shares. The stock had previously closed at $4.17.

First Pacific Stock Performance

The company has a quick ratio of 1.07, a current ratio of 1.35 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average of $3.86 and a 200 day moving average of $3.41.

First Pacific Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 10th. Stockholders of record on Tuesday, June 24th were issued a dividend of $0.0731 per share. This represents a dividend yield of 375.0%. The ex-dividend date of this dividend was Monday, June 23rd. This is a boost from First Pacific's previous dividend of $0.07.

First Pacific Company Profile

First Pacific Company Limited, an investment holding company, engages in the consumer food products, telecommunications, infrastructure, and natural resources businesses in the Philippines, Indonesia, Singapore, the Middle East, Africa, and internationally. The company offers a range of telecommunications and digital services, including fiber optic backbone, and fixed line and cellular networks.