Orient Overseas International (OTCMKTS:OROVY) Sets New 12-Month High - Still a Buy?

Key Points

• Orient Overseas International Ltd. hit a new 52-week high of $93.89, marking an increase from a previous close of $91.71.
• The company announced a significant increase in its dividend, from $3.08 to $6.5721, resulting in an extraordinary yield of 1,058.0%.
• Orient Overseas International operates in container transport and logistics across Asia, Europe, Australia, and North America, offering various shipping and supply chain management services.

Orient Overseas International Ltd. (OTCMKTS:OROVY - ) hit a new 52-week high on Tuesday . The stock traded as high as $93.89 and last traded at $93.89, with a volume of 580 shares. The stock had previously closed at $91.71.

Orient Overseas International Stock Up 2.4%

The firm has a fifty day simple moving average of $87.12 and a two-hundred day simple moving average of $77.81.

Orient Overseas International Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 3rd were issued a $6.5721 dividend. This is a boost from Orient Overseas International's previous dividend of $3.08. This represents a yield of 1,058.0%. The ex-dividend date of this dividend was Monday, June 2nd.

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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