China Minsheng (OTCMKTS:CMAKY) Shares Gap Down - Here's Why

Key Points

• China Minsheng shares gapped down significantly, opening at $5.44, down from a previous close of $5.93, with only 129 shares traded.
• The company announced a dividend of $0.0605 per share, yielding an impressive 362.0% with a current dividend payout ratio of 13.79%.
• China Minsheng has a market capitalization of $25.13 billion, a price-to-earnings ratio of 6.60, and maintains a debt-to-equity ratio of 1.43.

China Minsheng (OTCMKTS:CMAKY - ) gapped down before the market opened on Friday . The stock had previously closed at $5.93, but opened at $5.44. China Minsheng shares last traded at $5.44, with a volume of 129 shares traded.

China Minsheng Stock Performance

The firm has a market capitalization of $25.13 billion, a price-to-earnings ratio of 6.60 and a beta of 0.33. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.89 and a current ratio of 0.89. The stock's fifty day moving average is $5.96 and its two-hundred day moving average is $5.09.

China Minsheng Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.0605 per share. This represents a yield of 362.0%. The ex-dividend date of this dividend is Wednesday, July 2nd. China Minsheng's dividend payout ratio (DPR) is currently 13.79%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.