Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 76,839 shares traded hands during trading, an increase of 69% from the previous session's volume of 45,422 shares.The stock last traded at $15.45 and had previously closed at $16.10.
Industrial & Commercial Bank of China Ltd. Price Performance
The firm has a market capitalization of $275.15 billion, a price-to-earnings ratio of 5.74 and a beta of 0.16. The stock's 50-day moving average price is $14.84 and its 200 day moving average price is $14.06. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.89.
Industrial & Commercial Bank of China Ltd. Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, July 4th will be paid a $0.3506 dividend. This represents a yield of 4.17%. This is a positive change from Industrial & Commercial Bank of China Ltd.'s previous dividend of $0.30. The ex-dividend date is Thursday, July 3rd. Industrial & Commercial Bank of China Ltd.'s dividend payout ratio (DPR) is 26.02%.
About Industrial & Commercial Bank of China Ltd.
(
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Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.
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