Shares of China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report) gapped down prior to trading 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 trading hands.
China Merchants Bank Trading Down 0.2%
The stock's fifty day moving average price is $32.88 and its two-hundred day moving average price is $29.89. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $170.00 billion, a P/E ratio of 8.64 and a beta of 0.36.
China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last posted 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 company had revenue of $10.16 billion during the quarter.
China Merchants Bank Increases Dividend
The company also recently declared 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 is a positive change from China Merchants Bank's previous dividend of $1.05. This represents a yield of 3.36%. The ex-dividend date is Thursday, July 3rd. China Merchants Bank's dividend payout ratio 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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