Citic (OTCMKTS:CTPCY) Sets New 12-Month High - Here's What Happened

Key Points

• Citic Ltd. reached a new 52-week high of $7.45, with its previous close at $6.54 and a trading volume of 101 shares.
• The company announced a dividend increase to $0.2306 from its previous $0.12, representing a high dividend yield of 497.0%.
• Citic operates in various sectors, including financial services, advanced manufacturing, and resources and energy, offering a broad range of integrated financial services.

Shares of Citic Ltd. (OTCMKTS:CTPCY - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $7.45 and last traded at $7.45, with a volume of 101 shares trading hands. The stock had previously closed at $6.54.

Citic Stock Performance

The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.33 and a current ratio of 0.34. The firm's fifty day simple moving average is $6.81 and its 200 day simple moving average is $6.21.

Citic Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, August 25th. Stockholders of record on Tuesday, July 1st will be paid a $0.2306 dividend. This represents a dividend yield of 497.0%. The ex-dividend date is Monday, June 30th. This is a positive change from Citic's previous dividend of $0.12.

About Citic

CITIC Limited operates in financial services, advanced intelligent manufacturing, advanced materials, consumption, urbanization, resources and energy, and engineering contracting businesses worldwide. The Comprehensive Financial Services segment provides banking, investment research, securities brokerage, trust, insurance and reinsurance, investment banking, wealth and asset management, financial markets, equity investment, financing, and other integrated financial services.