Orient Overseas International (OTCMKTS:OROVY) Reaches New 52-Week High - Time to 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 - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $93.89 and last traded at $93.89, with a volume of 580 shares trading hands. The stock had previously closed at $91.71.

Orient Overseas International Stock Performance

The company has a 50 day simple moving average of $88.02 and a 200-day simple moving average of $78.45.

Orient Overseas International Increases Dividend

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

About Orient Overseas International

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.