China Merchants Bank (OTCMKTS:CIHKY) Shares Gap Up - Should You Buy?

Key Points

• China Merchants Bank shares saw a significant increase, opening at $33.15 after closing at $32.16, although they last traded at $31.88.
• The bank recently announced a dividend increase to $1.182 per share, up from $1.05, with a yield of 336.0% and a payout ratio of 30.26%.
• China Merchants Bank has a market capitalization of $160.65 billion and a price-to-earnings ratio of 8.17.

China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report)'s share price gapped up before the market opened 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 changing hands.

China Merchants Bank Stock Down 0.3%

The business has a fifty day simple moving average of $33.19 and a 200 day simple moving average of $30.71. The firm has a market cap of $156.46 billion, a price-to-earnings ratio of 7.95 and a beta of 0.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.82 and a quick ratio of 0.82.

China Merchants Bank Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, July 4th were paid a $1.182 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This is a boost from China Merchants Bank's previous dividend of $1.05. This represents a dividend yield of 336.0%. China Merchants Bank's payout ratio is presently 30.26%.

About China Merchants Bank

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.