Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Down - Here's What Happened

Key Points

• Bank of East Asia shares opened at $1.56, down from a previous close of $1.66, reflecting a decline of 5.9%.
• The bank announced a dividend of $0.0399 per share, with a substantial dividend yield of 474.0%, set to be paid on October 23rd.
• The firm's 50-day and 200-day moving averages stand at $1.52 and $1.46, respectively.

Shares of The Bank of East Asia Ltd. (OTCMKTS:BKEAY - ) gapped down prior to trading on Wednesday . The stock had previously closed at $1.66, but opened at $1.56. Bank of East Asia shares last traded at $1.56, with a volume of 315 shares.

Bank of East Asia Trading Down 5.9%

The firm's 50-day moving average price is $1.52 and its 200-day moving average price is $1.46.

Bank of East Asia Announces Dividend

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

Bank of East Asia Company Profile

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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