China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report) announced a dividend on Wednesday, July 2nd, investing.com reports. Stockholders of record on Friday, July 4th will be given a dividend of 1.182 per share on Thursday, August 14th. This represents a dividend yield of 3.36%. The ex-dividend date is Thursday, July 3rd. This is a 12.6% increase from China Merchants Bank's previous dividend of $1.05.
China Merchants Bank Stock Up 1.7%
Shares of OTCMKTS CIHKY traded up $0.60 during mid-day trading on Wednesday, reaching $35.75. 21,285 shares of the company's stock traded hands, compared to its average volume of 28,931. The stock has a market cap of $180.32 billion, a P/E ratio of 9.17 and a beta of 0.36. The business has a 50-day simple moving average of $31.55 and a 200 day simple moving average of $29.02. China Merchants Bank has a 1-year low of $18.20 and a 1-year high of $37.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84.
China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.02 EPS for the quarter. The firm had revenue of $10.16 billion during the quarter. China Merchants Bank had a return on equity of 12.88% and a net margin of 30.77%.
China Merchants Bank Company Profile
(
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China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.
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