China Minsheng (OTCMKTS:CMAKY) Trading Down 10.5% - Here's What Happened

Key Points

• China Minsheng's shares fell 10.5% on Tuesday, closing at $5.73, with trading volume down 72% from the average.
• The company announced a dividend payment of $0.0605 per share, resulting in a dividend yield of 3.62% and a payout ratio of 13.79%.
• China Minsheng holds a market cap of $25.09 billion and has a PE ratio of 6.59.

China Minsheng (OTCMKTS:CMAKY - ) shares traded down 10.5% on Tuesday . The company traded as low as $5.73 and last traded at $5.73. 567 shares were traded during mid-day trading, a decline of 72% from the average session volume of 2,006 shares. The stock had previously closed at $6.40.

China Minsheng Trading Down 10.5%

The firm has a market cap of $25.09 billion, a PE ratio of 6.59 and a beta of 0.31. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.43. The stock's fifty day simple moving average is $5.66 and its two-hundred day simple moving average is $4.96.

China Minsheng Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, July 3rd will be paid a $0.0605 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a dividend yield of 3.62%. China Minsheng's dividend payout ratio is presently 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.

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