China Minsheng (OTCMKTS:CMAKY) Announces Dividend of $0.13

Key Points

• China Minsheng announced a dividend increase to $0.13 per share, marking a significant 121.4% increase from the previous dividend of $0.06.
• The company's dividend yield has reached an impressive 579.0%, with the payment date set for October 30th for shareholders of record as of September 15th.
• In its recent quarterly earnings report, China Minsheng posted an EPS of $0.22 and revenue of $4.83 billion, exceeding analyst expectations.

China Minsheng (OTCMKTS:CMAKY - Get Free Report) declared a dividend on Saturday, September 6th, investing.com reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.1341 per share on Thursday, October 30th. This represents a yield of 579.0%. The ex-dividend date of this dividend is Friday, September 12th. This is a 121.4% increase from China Minsheng's previous dividend of $0.06.

China Minsheng Price Performance

China Minsheng stock remained flat at $5.57 during mid-day trading on Tuesday. The company's stock had a trading volume of 87 shares, compared to its average volume of 413. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.89 and a quick ratio of 0.89. The business has a fifty day moving average of $5.93 and a two-hundred day moving average of $5.18. China Minsheng has a 1 year low of $3.43 and a 1 year high of $6.72. The company has a market capitalization of $24.39 billion, a P/E ratio of 6.05 and a beta of 0.35.

China Minsheng (OTCMKTS:CMAKY - Get Free Report) last released its quarterly earnings data on Friday, August 29th. The company reported $0.22 earnings per share (EPS) for the quarter. China Minsheng had a return on equity of 4.72% and a net margin of 11.62%.The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion.

About China Minsheng

China Minsheng Banking Corp., Ltd. provides banking products and services for individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People's Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments.