China Minsheng (OTCMKTS:CMAKY) Shares Down 6% - Here's What Happened

Key Points

• China Minsheng's stock price decreased by 6%, closing at $6.06 with trading volumes down 4% from the average.
• The company announced a dividend yield of 362.0%, with a payout of $0.0605 to be distributed on August 29th to shareholders recorded on July 3rd.
• China Minsheng holds a market capitalization of $26.53 billion and a price-to-earnings ratio of 6.97.

China Minsheng (OTCMKTS:CMAKY - Get Free Report)'s share price was down 6% during mid-day trading on Monday . The stock traded as low as $6.06 and last traded at $6.06. Approximately 483 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 505 shares. The stock had previously closed at $6.45.

China Minsheng Stock Down 6.2%

The firm has a fifty day simple moving average of $5.96 and a 200-day simple moving average of $5.09. The company has a market capitalization of $25.96 billion, a P/E ratio of 6.82 and a beta of 0.33. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.43.

China Minsheng Cuts Dividend

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

China Minsheng Company Profile

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.