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Orient Overseas International (OTCMKTS:OROVY) Shares Cross Above Fifty Day Moving Average - Here's Why

Orient Overseas International logo with Transportation background

Orient Overseas International Ltd. (OTCMKTS:OROVY - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $82.14 and traded as high as $87.00. Orient Overseas International shares last traded at $87.00, with a volume of 138 shares changing hands.

Orient Overseas International Stock Performance

The business has a 50 day simple moving average of $82.14 and a 200-day simple moving average of $73.39.

Orient Overseas International Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 3rd will be issued a dividend of $6.5721 per share. This is a positive change from Orient Overseas International's previous dividend of $3.08. This represents a yield of 10.58%. The ex-dividend date is Monday, June 2nd.

Orient Overseas International Company Profile

(Get Free Report)

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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