Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Stock Price Down 0.4% - Here's Why

Key Points

• Industrial & Commercial Bank of China Ltd. (OTCMKTS: IDCBY) experienced a stock price decline of 0.4%, trading between $14.48 and $14.96 with an increased trading volume of 44,130 shares.
• The company recently declared a dividend of $0.3506 per share, up from the previous dividend of $0.30, representing a yield of 417.0%.
• With a market cap of $266.59 billion, the bank has a P/E ratio of 5.56 and a debt-to-equity ratio of 1.89, indicating solid financial positioning.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - ) was down 0.4% on Tuesday . The stock traded as low as $14.48 and last traded at $14.96. Approximately 44,130 shares changed hands during mid-day trading, an increase of 23% from the average daily volume of 36,007 shares. The stock had previously closed at $15.02.

Industrial & Commercial Bank of China Ltd. Price Performance

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.89. The firm has a market cap of $266.59 billion, a P/E ratio of 5.56 and a beta of 0.18. The business has a fifty day moving average of $15.61 and a 200 day moving average of $14.62.

Industrial & Commercial Bank of China Ltd. Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 5th. Investors of record on Friday, July 4th will be issued a dividend of $0.3506 per share. The ex-dividend date is Thursday, July 3rd. This is an increase 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 dividend payout ratio is 26.02%.

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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