Orient Overseas International (OTCMKTS:OROVY) Share Price Passes Above 50-Day Moving Average – What’s Next?

Orient Overseas International Ltd. (OTCMKTS:OROVY)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $78.52 and traded as high as $84.54. Orient Overseas International shares last traded at $84.54, with a volume of 623 shares.

Orient Overseas International Trading Up 2.3%

The business has a fifty day simple moving average of $78.52 and a 200 day simple moving average of $72.18.

Orient Overseas International Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 3rd will be issued a $6.5721 dividend. This is an increase from Orient Overseas International’s previous dividend of $3.08. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 10.58%.

Orient Overseas International Company Profile

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.