Agri Bank China (OTCMKTS:ACGBY) Sees Strong Trading Volume - Here's Why

Key Points

• Agri Bank China (OTCMKTS:ACGBY) experienced a significant increase in trading volume, with approximately 46,909 shares traded on Monday, representing a 65% rise from the previous session.
• The bank's stock decreased by 1.3% to close at $17.56, while maintaining a market cap of $245.58 billion and a PE ratio of 6.77.
• Agri Bank China declared an increased dividend of $0.3231 per share, reflecting a robust dividend yield of 358.0% and a payout ratio of 25.10%.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) saw strong trading volume on Monday . 46,909 shares traded hands during mid-day trading, an increase of 65% from the previous session's volume of 28,356 shares.The stock last traded at $17.56 and had previously closed at $17.78.

Agri Bank China Price Performance

The stock has a market capitalization of $234.63 billion, a price-to-earnings ratio of 6.47 and a beta of 0.08. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average of $17.32 and a 200 day moving average of $16.11.

Agri Bank China Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, July 11th will be paid a dividend of $0.3231 per share. This is a boost from Agri Bank China's previous dividend of $0.31. The ex-dividend date is Thursday, July 10th. This represents a yield of 358.0%. Agri Bank China's payout ratio is 25.10%.

Agri Bank China Company Profile

Agricultural Bank of China Limited, together with its subsidiaries, provides banking products and services. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. It offers demand, personal call, foreign currency call, time or demand optional, foreign exchange call, foreign exchange time, savings, agreed term, and negotiated deposit accounts, as well as certificates of deposit; and loans, including housing, consumer, business, fixed asset, working capital, real estate, and entrusted syndicated loans, as well as trade finances, guarantees and commitments, and loans with custody of export rebates accounts.