China CITIC Bank (OTCMKTS:CHCJY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• China CITIC Bank experienced a significant increase in trading volume, with approximately 1,609 shares traded, marking a 207% rise from the previous session.
• The bank's stock is currently down by 1.2%, closing at $21.41 after previously settling at $21.68.
• China CITIC Bank announced a dividend of $0.3618 per share, representing a yield of 4.26%, set to be paid on September 2nd.

China CITIC Bank Corporation Limited (OTCMKTS:CHCJY - Get Free Report) shares saw an uptick in trading volume on Monday . 1,609 shares were traded during trading, an increase of 207% from the previous session's volume of 524 shares.The stock last traded at $21.41 and had previously closed at $21.68.

China CITIC Bank Stock Performance

The firm's 50-day moving average price is $18.43 and its two-hundred day moving average price is $16.04.

China CITIC Bank (OTCMKTS:CHCJY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.99 earnings per share for the quarter. The firm had revenue of $7.10 billion for the quarter.

China CITIC Bank Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, June 27th will be given a $0.3618 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a yield of 426.0%.

China CITIC Bank Company Profile

China CITIC Bank Corporation Limited provides various banking products and services in the People's Republic of China and internationally. The company operates in segments, such as Corporate Banking, Retail Banking, and Financial Market business. It accepts deposits; offers corporate and personal loans; and provides securities agency, remittance and settlement, and guarantee services, as well as investment banking and international services.