Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $15.44, but opened at $15.92. Industrial & Commercial Bank of China Ltd. shares last traded at $15.83, with a volume of 36,000 shares trading hands.
Industrial & Commercial Bank of China Ltd. Stock Performance
The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.89. The company's 50-day simple moving average is $14.94 and its 200-day simple moving average is $14.11. The stock has a market capitalization of $276.21 billion, a price-to-earnings ratio of 5.76 and a beta of 0.16.
Industrial & Commercial Bank of China Ltd. Increases Dividend
The firm also recently disclosed 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 dividend 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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