Shares of Oi S.A. (OTCMKTS:OIBRQ – Get Free Report) were down 96% during trading on Tuesday . The company traded as low as $0.10 and last traded at $0.10. Approximately 221 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 309 shares. The stock had previously closed at $2.50.
OI Stock Performance
The firm has a 50 day moving average price of $2.95 and a two-hundred day moving average price of $1.37.
OI Increases Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.0755 per share. The ex-dividend date of this dividend was Monday, October 7th. This is an increase from OI’s previous dividend of $0.00. This represents a yield of 1.88%.
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.
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