Shares of Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY - Get Free Report) gapped up prior to trading on Wednesday after the company announced a dividend. The stock had previously closed at $110.50, but opened at $113.75. Commonwealth Bank of Australia shares last traded at $113.72, with a volume of 1,603 shares traded.
The newly announced dividend which will be paid on Thursday, October 9th. Investors of record on Tuesday, August 26th will be paid a $1.6817 dividend. This represents a yield of 282.0%. This is a positive change from Commonwealth Bank of Australia's previous dividend of $1.41. The ex-dividend date is Monday, August 25th.
Analyst Ratings Changes
Separately, Zacks Research downgraded Commonwealth Bank of Australia from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".
View Our Latest Report on Commonwealth Bank of Australia
Commonwealth Bank of Australia Stock Performance
The firm's 50 day moving average is $116.22 and its two-hundred day moving average is $107.51.
About Commonwealth Bank of Australia
(
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Commonwealth Bank of Australia provides financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans.
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