China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $33.21, but opened at $32.43. China Merchants Bank shares last traded at $32.95, with a volume of 2,449 shares changing hands.
China Merchants Bank Stock Performance
The company has a 50-day moving average price of $32.77 and a two-hundred day moving average price of $29.78. The stock has a market capitalization of $165.95 billion, a P/E ratio of 8.44 and a beta of 0.36. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18.
China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last issued its quarterly 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 for the quarter.
China Merchants Bank Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, August 14th. Stockholders of record on Friday, July 4th will be given a $1.182 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This is an increase from China Merchants Bank's previous dividend of $1.05. This represents a dividend yield of 3.36%. China Merchants Bank's dividend payout ratio is currently 30.26%.
China Merchants Bank Company Profile
(
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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