BOC Hong Kong (OTCMKTS:BHKLY) Sets New 1-Year High - Here's What Happened

Key Points

• BOC Hong Kong's stock price hit a new 52-week high of $97.34, significantly up from its previous close of $88.96, with 956 shares traded.
• The bank recently declared a dividend increase to $3.6389 per share, a substantial boost from the previous dividend of $0.73, yielding 643.0%.
• BOC Hong Kong operates across four segments: Personal Banking, Corporate Banking, Treasury, and Insurance, servicing customers in Hong Kong, China, and internationally.

Shares of BOC Hong Kong Ltd. (OTCMKTS:BHKLY - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $97.34 and last traded at $97.34, with a volume of 956 shares trading hands. The stock had previously closed at $88.96.

BOC Hong Kong Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.70 and a quick ratio of 0.70. The business has a 50 day moving average price of $92.57 and a 200 day moving average price of $84.96.

BOC Hong Kong Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 15th will be paid a dividend of $0.723 per share. This represents a yield of 509.0%. The ex-dividend date of this dividend is Friday, September 12th.

About BOC Hong Kong

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.