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Keppel (OTCMKTS:KPELY) Shares Cross Above 50-Day Moving Average - What's Next?

Keppel logo with Transportation background

Key Points

  • Keppel Corp.'s share price surpassed its fifty-day moving average of $12.37, reaching a high of $13.54 before closing at $13.24 with a trading volume of 2,156 shares.
  • The company announced a dividend payment of $0.2313 scheduled for August 28th, resulting in a yield of 405.0% for investors of record on August 13th.
  • Keppel operates across various sectors, including infrastructure, real estate, and connectivity, managing private funds and business trusts in these areas internationally.
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Keppel Corp. (OTCMKTS:KPELY - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.37 and traded as high as $13.54. Keppel shares last traded at $13.24, with a volume of 2,156 shares traded.

Keppel Stock Up 3.6%

The firm has a 50 day moving average of $12.54 and a 200 day moving average of $10.92. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.98 and a current ratio of 1.39.

Keppel Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th will be given a dividend of $0.2313 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a dividend yield of 405.0%.

About Keppel

(Get Free Report)

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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