Koninklijke KPN (OTCMKTS:KKPNY) Sets New 52-Week High - Time to Buy?

Key Points

• Koninklijke KPN's stock reached a new 52-week high at $4.94 during trading, reflecting a rise of 1.8% from its previous close of $4.85.
• The company recently declared a $0.0682 dividend, resulting in an impressive yield of 358.0% for shareholders.
• Koninklijke KPN operates in the telecommunications and IT sectors in the Netherlands, offering services such as fixed and mobile telephony, broadband internet, and television.

Koninklijke KPN NV (OTCMKTS:KKPNY - )'s share price hit a new 52-week high during trading on Thursday . The company traded as high as $4.94 and last traded at $4.93, with a volume of 2816 shares changing hands. The stock had previously closed at $4.85.

Koninklijke KPN Stock Up 1.8%

The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 1.52. The stock has a 50 day simple moving average of $4.71 and a 200 day simple moving average of $4.54.

Koninklijke KPN Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, August 7th were issued a $0.0682 dividend. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.