China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $32.68, but opened at $31.50. China Merchants Bank shares last traded at $32.83, with a volume of 389 shares trading hands.
China Merchants Bank Trading Down 0.3%
The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $164.38 billion, a price-to-earnings ratio of 8.36 and a beta of 0.36. The business's fifty day moving average is $32.16 and its 200 day moving average is $29.36.
China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.02 EPS for the quarter. China Merchants Bank had a net margin of 30.77% and a return on equity of 12.88%. The business had revenue of $10.16 billion during the quarter.
China Merchants Bank Increases Dividend
The business also recently announced a dividend, which will be paid on Thursday, August 14th. Investors of record on Friday, July 4th will be issued a dividend of $1.182 per share. This represents a yield of 3.36%. The ex-dividend date is Thursday, July 3rd. This is a positive change from China Merchants Bank's previous dividend of $1.05. China Merchants Bank's dividend payout ratio is presently 30.26%.
About China Merchants Bank
(
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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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