Shares of Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $15.65, but opened at $16.39. Industrial & Commercial Bank of China Ltd. shares last traded at $15.77, with a volume of 11,832 shares trading hands.
Industrial & Commercial Bank of China Ltd. Price Performance
The company's 50 day moving average is $15.20 and its 200 day moving average is $14.24. The firm has a market capitalization of $278.35 billion, a price-to-earnings ratio of 5.81 and a beta of 0.16. 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 company also recently announced a dividend, which will be paid on Friday, September 5th. Investors of record on Friday, July 4th will be paid a dividend of $0.3506 per share. This is a boost from Industrial & Commercial Bank of China Ltd.'s previous dividend of $0.30. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a dividend yield of 4.17%. Industrial & Commercial Bank of China Ltd.'s payout ratio 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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