Bank of East Asia (OTCMKTS:BKEAY) Shares Gap Up - Still a Buy?

Key Points

• The Bank of East Asia Ltd. shares opened at $1.69, a gap up from the previous close of $1.63, reflecting a trading increase of 4.0%.
• A dividend of $0.0399 per share has been declared, with an impressive yield of 474.0%, to be paid on October 23rd.
• The stock's fifty-day moving average is $1.51, indicating potential for future growth as it trades above this average.

The Bank of East Asia Ltd. (OTCMKTS:BKEAY - ) shares gapped up before the market opened on Friday . The stock had previously closed at $1.63, but opened at $1.69. Bank of East Asia shares last traded at $1.69, with a volume of 1,083 shares trading hands.

Bank of East Asia Trading Up 4.0%

The stock's fifty day moving average is $1.51 and its two-hundred day moving average is $1.45.

Bank of East Asia Dividend Announcement

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