Keppel corp share price well supported by generous dividend

Slide6Keppel Corp share has been trading at the low $8 as the oil price was oscillating around $50 per barrel. Following the annoucement of the generous final dividend of $0.36 per share, the share price of Keppel Corp has been on an upward trend. At the point of writing, it is trading at $8.79, a significant increase of about 8.6% from $8.10 before the dividend annoucement. Based on the curent trading price, the dividend yield is still good at about 5.4%. With the ex-dividend on 24 April, which is more than 2 months away, it certainly helps in stabilising the Keppel Corp share price as the market digests new developments associated with the sinking oil price during the past 6 months.

 

(Brennen Pak has been a stock investor for 25 years. He is a chief trainer for BP Wealth Learning Centre LLP. He is the author of Building Wealth Together Through Stocks.) 

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