Keppel (OTCMKTS:KPELY) Shares Gap Up - Time to Buy?

Key Points

• Keppel Corp. shares opened at $13.59 after previously closing at $13.02, indicating a significant gap up in trading.
• The company has a dividend yield of 405.0%, with a recent payment of $0.2313 per share to shareholders.
• Keppel operates in sectors including infrastructure, real estate, and connectivity, managing investments primarily in Asia and internationally.

Shares of Keppel Corp. (OTCMKTS:KPELY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $13.02, but opened at $13.59. Keppel shares last traded at $13.59, with a volume of 103 shares changing hands.

Keppel Stock Performance

The firm has a 50 day moving average price of $13.14 and a two-hundred day moving average price of $11.34. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 0.92.

Keppel Cuts Dividend

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

About Keppel

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.