Keppel (OTCMKTS:KPELY) Shares Gap Down - Time to Sell?

Key Points

• Keppel Corp. shares opened at $13.03, down from a previous close of $13.85, with a trading volume of 266 shares.
• The company announced a dividend of $0.2313 set to be paid on August 28th, with a significant yield of 405.0%.
• Keppel operates in sectors such as infrastructure, real estate, and connectivity across multiple regions including Singapore and China.

Shares of Keppel Corp. (OTCMKTS:KPELY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $13.85, but opened at $13.03. Keppel shares last traded at $13.03, with a volume of 266 shares.

Keppel Price Performance

The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average price of $12.42 and a 200 day moving average price of $10.86.

Keppel Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th will be issued a $0.2313 dividend. This represents a yield of 405.0%. The ex-dividend date is Tuesday, August 12th.

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.