Keppel Co. Limited (OTCMKTS:KPELY – Get Rating) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 1,000 shares, a drop of 9.1% from the May 15th total of 1,100 shares. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is presently 0.7 days.
Keppel Price Performance
Keppel stock opened at $10.39 on Friday. Keppel has a 1 year low of $8.43 and a 1 year high of $11.70. The company’s fifty day moving average price is $9.38 and its 200 day moving average price is $10.20.
Keppel Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, May 17th. Stockholders of record on Friday, April 28th were given a $0.272 dividend. The ex-dividend date was Thursday, April 27th. This represents a dividend yield of 40.43%. This is a boost from Keppel’s previous dividend of $0.22.
About Keppel
Keppel Corporation Limited, an investment holding company, engages in the energy and environment, urban development, connectivity, and asset management businesses in Singapore, China, Hong Kong, Brazil, other far East and ASEAN countries, and internationally. It constructs, fabricates, and repairs offshore production facilities and drilling rigs, power barges, specialized vessels, and other offshore production facilities; engineers, constructs, and fabricates platforms for the oil and gas sector; undertakes shipyard works and other general business activities; procures equipment and materials for the construction of offshore production facilities; produces jacking systems; and operates food hubs.
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