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

Oi S.A. (OTCMKTS:OIBRQGet Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $4.01 and last traded at $4.01, with a volume of 1 shares traded. The stock had previously closed at $4.01.

OI Price Performance

The business’s 50 day moving average is $2.65 and its 200 day moving average is $0.91.

OI Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 8th were issued a $0.0755 dividend. This is a positive change from OI’s previous dividend of $0.00. This represents a yield of 1.88%. The ex-dividend date of this dividend 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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