Keppel (OTCMKTS:KPELY) Reaches New 12-Month High – What’s Next?

Keppel Corp. (OTCMKTS:KPELY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $15.7490 and last traded at $15.7490, with a volume of 1234 shares trading hands. The stock had previously closed at $15.12.

Analyst Upgrades and Downgrades

Separately, UBS Group started coverage on Keppel in a research note on Thursday, September 25th. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Keppel Stock Up 0.1%

The firm has a fifty day moving average price of $13.97 and a two-hundred day moving average price of $12.47.

Keppel Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were issued a $0.2313 dividend. This represents a dividend yield of 405.0%. The ex-dividend date was Tuesday, August 12th.

About Keppel

Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity business in Singapore, China, Hong Kong, other far East and ASEAN countries, and internationally. The company operates through, Infrastructure, Real Estate, and Connectivity. It manages private funds and listed real estate investment and business trusts, in areas of infrastructure, real estate, and connectivity; energy and environmental solutions and services, including commercial power generation, renewables, environmental engineering and construction, and infrastructure; operation and maintenance; property development and investment; master development; sustainable and innovative urban space solutions; and system integration solutions and services.