OI (OTCMKTS:OIBRQ) Sets New 12-Month High – What’s Next?

Oi S.A. (OTCMKTS:OIBRQ) reached a new 52-week high during mid-day trading on Monday . 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 Stock Performance

The business has a 50-day moving average of $0.88 and a two-hundred day moving average of $0.31.

OI Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 8th were given a $0.0755 dividend. This represents a dividend yield of 1.88%. The ex-dividend date of this dividend was Monday, October 7th. This is a positive change from OI’s previous dividend of $0.00.

About OI

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.