Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Shares Gap Down - What's Next?

Key Points

• Industrial & Commercial Bank of China Ltd. shares gapped down to $14.48 from a previous close of $15.02, marking a 0.2% decrease in stock value.
• The company announced an increase in its dividend to $0.3506 per share, payable on September 5th, which is a rise from the previous dividend of $0.30, translating to a yield of 417.0%.
• Industrial & Commercial Bank of China Ltd. has a market capitalization of $267.13 billion and a debt-to-equity ratio of 1.89, highlighting its financial positioning.

Shares of Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - ) gapped down before the market opened on Tuesday . The stock had previously closed at $15.02, but opened at $14.48. Industrial & Commercial Bank of China Ltd. shares last traded at $15.02, with a volume of 12,198 shares trading hands.

Industrial & Commercial Bank of China Ltd. Stock Down 0.2%

The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $267.13 billion, a PE ratio of 5.57 and a beta of 0.18. The business has a fifty day moving average price of $15.61 and a two-hundred day moving average price of $14.61.

Industrial & Commercial Bank of China Ltd. Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 5th. Investors of record on Friday, July 4th will be given a dividend of $0.3506 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This is a positive change from Industrial & Commercial Bank of China Ltd.'s previous dividend of $0.30. This represents a yield of 417.0%. Industrial & Commercial Bank of China Ltd.'s payout ratio is 26.02%.

About Industrial & Commercial Bank of China Ltd.

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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