Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Trading Down 0.8% - Time to Sell?

Key Points

• Shares of Industrial & Commercial Bank of China Ltd. fell by 0.8% during trading, with a current price of $15.35, slightly lower than the previous close of $15.47.
• The bank announced an increased dividend of $0.3506 per share, scheduled to be paid on September 5th, reflecting a yield of 4.17% and a payout ratio of 26.02%.
• With a market cap of $273.54 billion, the bank maintains a PE ratio of 5.71 and a debt-to-equity ratio of 1.89.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) traded down 0.8% during trading on Tuesday . The stock traded as low as $15.13 and last traded at $15.35. 63,529 shares were traded during mid-day trading, an increase of 40% from the average session volume of 45,382 shares. The stock had previously closed at $15.47.

Industrial & Commercial Bank of China Ltd. Price Performance

The firm has a 50 day moving average price of $15.43 and a 200 day moving average price of $14.42. 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 stock has a market cap of $269.62 billion, a P/E ratio of 5.62 and a beta of 0.18.

Industrial & Commercial Bank of China Ltd. Increases Dividend

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