Orient Overseas International (OTCMKTS:OROVY) Shares Cross Above Fifty Day Moving Average - What's Next?

Key Points

• Orient Overseas International Ltd. stock crossed above its 50-day moving average of $86.15, reaching a high of $92.00 during trading.
• The company announced an increase in its dividend to $6.5721 per share, significantly up from the previous dividend of $3.08, resulting in a yield of 1,058.0%.
• Orient Overseas International provides container transport and logistics services across various continents including Asia, Europe, Australia, and North America.

Orient Overseas International Ltd. (OTCMKTS:OROVY - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $86.15 and traded as high as $92.00. Orient Overseas International shares last traded at $91.12, with a volume of 1,322 shares changing hands.

Orient Overseas International Stock Performance

The firm's 50 day moving average is $86.23 and its 200-day moving average is $76.97.

Orient Overseas International Increases Dividend

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