BOC Hong Kong (OTCMKTS:BHKLY) Hits New 12-Month High - Still a Buy?

Key Points

• BOC Hong Kong's share price hit a new 52-week high of $100.87 during trading on Monday, before closing at $98.52.
• The company recently declared a dividend of $0.723 per share, representing an impressive yield of 509.0%, with payment scheduled for October 3rd.
• BOC Hong Kong operates through four key segments: Personal Banking, Corporate Banking, Treasury, and Insurance, providing a range of financial services to customers.

BOC Hong Kong Ltd. (OTCMKTS:BHKLY - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $100.87 and last traded at $98.52, with a volume of 624 shares trading hands. The stock had previously closed at $98.92.

BOC Hong Kong Stock Performance

The business has a 50-day simple moving average of $93.87 and a 200 day simple moving average of $86.05. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.70 and a quick ratio of 0.70.

BOC Hong Kong Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 3rd. Shareholders of record on Monday, September 15th will be given a $0.723 dividend. This represents a dividend yield of 509.0%. The ex-dividend date is Friday, September 12th.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally. The company operates through four segments: Personal Banking, Corporate Banking, Treasury, and Insurance. It offers savings, current, and time deposit accounts; mortgage plans; corporate deposits, and payroll and e-cheques services.