Orient Overseas International (OTCMKTS:OROVY) Sees Large Volume Increase - Here's Why

Key Points

• Shares of Orient Overseas International Ltd. saw a trading volume decrease with 475 shares changing hands, down 3% from the previous session at 488 shares.
• The company announced a dividend of $3.524 per share, yielding an impressive 1,071.0%, with the payment scheduled for October 29th.
• Orient Overseas International specializes in container transport and logistics services across various regions including Asia, Europe, and North America.

Shares of Orient Overseas International Ltd. (OTCMKTS:OROVY - ) saw an uptick in trading volume on Tuesday . 475 shares traded hands during mid-day trading, a decline of 3% from the previous session's volume of 488 shares.The stock last traded at $83.78 and had previously closed at $85.25.

Orient Overseas International Price Performance

The firm's 50-day moving average price is $89.17 and its two-hundred day moving average price is $81.28.

Orient Overseas International Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, October 29th. Investors of record on Monday, September 8th will be paid a dividend of $3.524 per share. This represents a dividend yield of 1,071.0%. The ex-dividend date is Friday, September 5th.

Orient Overseas International Company Profile

Orient Overseas (International) Limited, an investment holding company, provides container transport and logistics services in Asia, Europe, Australia, and North America. The company offers supply chain management services; and containerised shipping services in various trade lanes comprising Trans-Pacific, Trans-Atlantic, Asia/Europe, Asia/Australia, and Intra-Asia trades.

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