China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report) shares gapped down prior to trading 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 Price Performance
The stock has a market capitalization of $164.61 billion, a P/E ratio of 8.37 and a beta of 0.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50-day simple moving average of $32.28 and a 200 day simple moving average of $29.42.
China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last announced 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 for the quarter. China Merchants Bank had a return on equity of 12.88% and a net margin of 30.77%.
China Merchants Bank Increases Dividend
The business also recently declared a dividend, which will be paid on Thursday, August 14th. Stockholders of record on Friday, July 4th will be given a $1.182 dividend. This is a positive change from China Merchants Bank's previous dividend of $1.05. This represents a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, July 3rd. China Merchants Bank's dividend payout ratio (DPR) is currently 30.26%.
About China Merchants Bank
(
Get Free Report)
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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