Bank of East Asia (OTCMKTS:BKEAY) Hits New 52-Week High - Time to Buy?

Key Points

• The Bank of East Asia's stock reached a new 52-week high on Monday, trading at $1.69 with a volume of 56,970 shares.
• The company announced a dividend of $0.0399 per share, set to be paid on October 23rd, representing a significant dividend yield of 474.0%.
• Its 50-day simple moving average is $1.49, while the two-hundred day simple moving average stands at $1.45, indicating potential upward momentum in stock performance.

The Bank of East Asia Ltd. (OTCMKTS:BKEAY - )'s stock price reached a new 52-week high on Monday . The stock traded as high as $1.69 and last traded at $1.69, with a volume of 56970 shares changing hands. The stock had previously closed at $1.61.

Bank of East Asia Stock Performance

The company has a 50 day simple moving average of $1.49 and a two-hundred day simple moving average of $1.45.

Bank of East Asia Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.0399 per share. This represents a dividend yield of 474.0%. The ex-dividend date is Tuesday, September 9th.

About Bank of East Asia

The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services. Its personal banking services include corporate, individual, savings, current, time deposit, and supreme accounts; and time deposits, foreign currency deposits, MAS services, and auto-payroll products, as well as safe deposit boxes and remittance services.

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