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OI (OTCMKTS:OIBRQ) Reaches New 52-Week High - Here's Why

OI logo with Utilities background

Oi S.A. (OTCMKTS:OIBRQ - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $4.01 and last traded at $4.01, with a volume of 28 shares traded. The stock had previously closed at $4.01.

OI Price Performance

The company has a fifty day simple moving average of $1.61 and a two-hundred day simple moving average of $0.55.

OI Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 8th were issued a $0.0755 dividend. This is a boost from OI's previous dividend of $0.00. This represents a dividend yield of 1.88%. The ex-dividend date was Monday, October 7th.

About OI

(Get Free Report)

Oi SA, together with its subsidiaries, provides telecommunication services in Brazil and internationally. The company offers fixed telephony services; domestic and international long-distance services; and maintenance and repair services. It also provides call center and telemarketing, Internet, network, and Wi-Fi Internet services; and financial, and payment and credit system services, as well as consulting services.

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