Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Shares Gap Up - Time to Buy?

Key Points

• The share price of Industrial & Commercial Bank of China Ltd. gapped up from $14.98 to $16.20 prior to trading, with a recent trading price of $14.67.
• The company announced a dividend increase to $0.3506 per share, yielding 417.0%, with a payout ratio of 26.39%.
• Industrial & Commercial Bank of China Ltd. has a market capitalization of $260.71 billion and a PE ratio of 5.44.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - )'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $14.98, but opened at $16.20. Industrial & Commercial Bank of China Ltd. shares last traded at $14.67, with a volume of 24,279 shares changing hands.

Industrial & Commercial Bank of China Ltd. Stock Down 2.3%

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 stock has a market capitalization of $260.71 billion, a PE ratio of 5.44 and a beta of 0.18. The company's 50-day moving average is $15.57 and its 200 day moving average is $14.67.

Industrial & Commercial Bank of China Ltd. Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, September 5th. Investors of record on Friday, July 4th will be paid a $0.3506 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a yield of 417.0%. This is an increase from Industrial & Commercial Bank of China Ltd.'s previous dividend of $0.30. Industrial & Commercial Bank of China Ltd.'s dividend payout ratio is 26.39%.

Industrial & Commercial Bank of China Ltd. Company Profile

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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