Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 76,839 shares changed hands during mid-day 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. Stock Performance
The firm's fifty day simple moving average is $14.81 and its 200 day simple moving average is $14.02. The company has a market capitalization of $275.15 billion, a PE ratio of 5.74 and a beta of 0.16. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.91 and a quick ratio of 0.91.
Industrial & Commercial Bank of China Ltd. Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, July 4th will be paid a dividend of $0.3506 per share. This is a positive change from Industrial & Commercial Bank of China Ltd.'s previous dividend of $0.30. This represents a dividend yield of 4.17%. The ex-dividend date is Thursday, July 3rd. Industrial & Commercial Bank of China Ltd.'s dividend payout ratio is presently 22.68%.
Industrial & Commercial Bank of China Ltd. Company Profile
(
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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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