Citic (OTCMKTS:CTPCY) Stock Price Up 3.9% - What's Next?

Key Points

• Citic Ltd. experienced a share price increase of 3.9% on Monday, reaching a trading high of $7.74 with a significant surge in trading volume.
• The company announced an increase in its dividend to $0.2306, representing a yield of 497.0%, with dividends payable on August 25th.
• Citic operates in various sectors including financial services and advanced manufacturing, highlighting its diversified business model.

Shares of Citic Ltd. (OTCMKTS:CTPCY - Get Free Report) shot up 3.9% on Monday . The company traded as high as $7.74 and last traded at $7.74. 1,478 shares changed hands during trading, an increase of 713% from the average session volume of 182 shares. The stock had previously closed at $7.45.

Citic Trading Up 1.9%

The company has a current ratio of 0.34, a quick ratio of 0.33 and a debt-to-equity ratio of 1.31. The business has a fifty day moving average price of $6.99 and a two-hundred day moving average price of $6.29.

Citic Increases Dividend

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

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.