China Merchants Bank Co. (
OTCMKTS:CIHKY -
Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $32.16, but opened at $33.15. China Merchants Bank shares last traded at $31.88, with a volume of 7,351 shares.
China Merchants Bank Stock Down 1.0%
The business has a fifty day moving average of $33.24 and a two-hundred day moving average of $30.59. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.14. The company has a market cap of $160.65 billion, a price-to-earnings ratio of 8.17 and a beta of 0.35.
China Merchants Bank Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, July 4th will be paid a dividend of $1.182 per share. This is an increase from China Merchants Bank's previous dividend of $1.05. The ex-dividend date is Thursday, July 3rd. This represents a yield of 336.0%. China Merchants Bank's dividend payout ratio (DPR) is presently 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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