Koninklijke KPN (OTCMKTS:KKPNY) Hits New 52-Week High - Here's What Happened

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.

Shares of Koninklijke KPN NV (OTCMKTS:KKPNY - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $4.94 and last traded at $4.93, with a volume of 2816 shares. The stock had previously closed at $4.85.

Koninklijke KPN Trading Down 0.8%

The firm has a 50-day simple moving average of $4.71 and a two-hundred day simple moving average of $4.58. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.60 and a quick ratio of 0.58.

Koninklijke KPN Cuts Dividend

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

Koninklijke KPN Company Profile

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.