Koninklijke KPN (OTCMKTS:KKPNY) Sees Large Volume Increase - Here's Why

Key Points

• Koninklijke KPN shares saw a significant increase in trading volume, with over 1 million shares traded, marking a 115% rise from the previous session.
• The stock recently closed at $4.66, and the company has cut its dividend, issuing a dividend yield of 358.0%.
• Koninklijke KPN operates in the telecommunications sector in the Netherlands, providing a range of services including fixed and mobile telephony, broadband internet, and television.

Koninklijke KPN NV (OTCMKTS:KKPNY - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 1,009,233 shares changed hands during trading, an increase of 115% from the previous session's volume of 468,694 shares.The stock last traded at $4.66 and had previously closed at $4.59.

Koninklijke KPN Price Performance

The firm has a fifty day simple moving average of $4.74 and a 200-day simple moving average of $4.42. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 1.52.

Koninklijke KPN Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, August 7th were issued a dividend of $0.0682 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a yield of 358.0%.

About Koninklijke KPN

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. The company offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail and business consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.