Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Down - Should You Sell?

Key Points

• The Bank of East Asia shares gapped down before the market opened, with the stock opening at $1.50, down from a previous close of $1.58, reflecting a 4.8% decline.
• The bank announced a dividend of $0.0399 per share, to be paid on October 23rd, with a significant yield of 474.0%.
• The stock has a 50-day simple moving average of $1.50 and a two-hundred day simple moving average of $1.43, indicating recent trading performance.

The Bank of East Asia Ltd. (OTCMKTS:BKEAY - ) gapped down before the market opened on Thursday . The stock had previously closed at $1.58, but opened at $1.50. Bank of East Asia shares last traded at $1.50, with a volume of 222 shares changing hands.

Bank of East Asia Trading Down 4.8%

The stock has a 50-day simple moving average of $1.50 and a two-hundred day simple moving average of $1.43.

Bank of East Asia Announces Dividend

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

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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