Orient Overseas (International) Limited (OTCMKTS:OROVY) Plans Dividend Increase – $6.79 Per Share

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Orient Overseas (International) Limited (OTCMKTS:OROVY) declared a Semi-Annual dividend on Tuesday, April 6th, Zacks reports. Stockholders of record on Wednesday, May 26th will be given a dividend of 6.793 per share on Wednesday, July 14th. The ex-dividend date of this dividend is Tuesday, May 25th. This is a positive change from Orient Overseas (International)’s previous Semi-Annual dividend of $0.21.

Shares of OTCMKTS OROVY opened at $84.00 on Thursday. Orient Overseas has a twelve month low of $19.39 and a twelve month high of $84.35. The firm has a fifty day simple moving average of $52.58 and a 200 day simple moving average of $41.30. The company has a market capitalization of $10.70 billion, a PE ratio of 67.74 and a beta of 1.35. The company has a quick ratio of 1.63, a current ratio of 1.70 and a debt-to-equity ratio of 0.19.

Separately, Zacks Investment Research downgraded shares of Orient Overseas (International) from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 13th.

Orient Overseas (International) Company Profile

Orient Overseas (International) Limited, an investment holding company, provides container transport and logistics services in Asia, Europe, Australia, North America, and internationally. The company offers trunk and intermodal services; freight management services and IT solutions; supply-chain management and distribution services; and containerized shipping services in various trade lanes comprising Trans-Pacific, Trans-Atlantic, Asia/Europe, Asia/Australia, and Intra-Asia trades.

Further Reading: How to calculate the intrinsic value of a stock

Dividend History for Orient Overseas (International) (OTCMKTS:OROVY)

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