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

Key Points

• First Pacific Co. shares hit a new 52-week high, reaching $4.10 during trading, and closed at $3.96 with a volume of 6,237 shares.
• The company has announced an increase in its dividend, now at $0.0731 per share, reflecting a dividend yield of 3.75%, up from the previous dividend of $0.07.
• First Pacific operates in various sectors, including consumer food products, telecommunications, and infrastructure, primarily in regions like the Philippines, Indonesia, and the Middle East.

First Pacific Co. (OTCMKTS:FPAFY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $4.10 and last traded at $3.96, with a volume of 6237 shares traded. The stock had previously closed at $4.10.

First Pacific Price Performance

The company's 50-day moving average price is $3.71 and its 200-day moving average price is $3.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.35.

First Pacific Increases Dividend

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

About First Pacific

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.