Keppel (OTCMKTS:KPELY) Hits New 52-Week High - Here's What Happened

Key Points

• Keppel Corp. (KPELY) reached a new 52-week high, with shares trading up to $14.10 before closing at $14.05, showing significant investor interest.
• UBS Group initiated coverage on Keppel with a "buy" rating, contributing to the stock's positive outlook and a current average rating of "Buy."
• The company recently declared a dividend of $0.2313, yielding 405.0%, reflecting its ongoing commitment to shareholder returns despite sector challenges.

Shares of Keppel Corp. (OTCMKTS:KPELY - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $14.10 and last traded at $14.05, with a volume of 2025 shares trading hands. The stock had previously closed at $14.00.

Analysts Set New Price Targets

Separately, UBS Group initiated coverage on shares of Keppel in a research note on Thursday, September 25th. They issued a "buy" rating on the stock. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy".

Keppel Trading Up 0.9%

The company's 50 day moving average is $13.41 and its 200-day moving average is $11.66.

Keppel Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were given a $0.2313 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a dividend yield of 405.0%.

Keppel Company Profile

Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity business in Singapore, China, Hong Kong, other far East and ASEAN countries, and internationally. The company operates through, Infrastructure, Real Estate, and Connectivity. It manages private funds and listed real estate investment and business trusts, in areas of infrastructure, real estate, and connectivity; energy and environmental solutions and services, including commercial power generation, renewables, environmental engineering and construction, and infrastructure; operation and maintenance; property development and investment; master development; sustainable and innovative urban space solutions; and system integration solutions and services.

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