Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) to Issue Dividend of $0.56

Key Points

• Oversea-Chinese Banking Corporation Limited has announced a new dividend of $0.56 per share, which marks a significant increase of 136.2% from the previous dividend of $0.24.
• The dividend will be distributed to investors of record on August 12th, with an ex-dividend date set for August 11th, and payment scheduled for September 5th.
• As of the announcement, OVCHY stock opened at $27.25 and has experienced a fifty-two week trading range between $20.15 and $27.95.

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY - Get Free Report) announced a dividend on Tuesday, August 5th, investing.com reports. Stockholders of record on Tuesday, August 12th will be given a dividend of 0.5614 per share on Friday, September 5th. This represents a dividend yield of 502.0%. The ex-dividend date of this dividend is Monday, August 11th. This is a 136.2% increase from Oversea-Chinese Banking's previous dividend of $0.24.

Oversea-Chinese Banking Stock Down 0.3%

Shares of OTCMKTS OVCHY traded down $0.09 during mid-day trading on Friday, reaching $26.75. 9,678 shares of the company were exchanged, compared to its average volume of 14,637. Oversea-Chinese Banking has a 52 week low of $20.43 and a 52 week high of $27.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.91 and a current ratio of 0.91. The company's 50 day moving average price is $25.98 and its 200 day moving average price is $25.32.

Oversea-Chinese Banking Company Profile

Oversea-Chinese Banking Corporation Limited engages in the provision of financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.