Keppel (OTCMKTS:KPELY) Shares Gap Up - Here's Why

Key Points

• Keppel Corp. shares saw a significant increase, gapping up from a previous close of $13.04 to open at $13.57, last trading at $13.64 with a volume of 547 shares.
• The company recently declared a dividend yield of 405.0%, with a payment of $0.2313 per share to stockholders of record on August 13.
• Keppel Ltd. operates in infrastructure, real estate, and connectivity, managing a diverse portfolio across several international markets.

Keppel Corp. (OTCMKTS:KPELY - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $13.04, but opened at $13.57. Keppel shares last traded at $13.64, with a volume of 547 shares trading hands.

Keppel Trading Up 0.1%

The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 0.92. The stock has a 50-day simple moving average of $13.26 and a 200 day simple moving average of $11.44.

Keppel Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th were given a $0.2313 dividend. The ex-dividend date 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.