Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sees Large Volume Increase - What's Next?

Key Points

• Ping An Insurance Co. saw a significant increase in trading volume, with 397,385 shares traded on Tuesday, marking a 102% rise from the previous session.
• The company announced a dividend increase of 72% to $0.3797 per share, resulting in an impressive dividend yield of 771.0%.
• Ping An's market capitalization stands at $129.93 billion with a price-to-earnings ratio of 8.02, reflecting its robust financial position.

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY - ) shares saw strong trading volume on Tuesday . 397,385 shares were traded during trading, an increase of 102% from the previous session's volume of 196,425 shares.The stock last traded at $14.23 and had previously closed at $13.88.

Ping An Insurance Co. of China Trading Up 2.8%

The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $129.93 billion, a price-to-earnings ratio of 8.02 and a beta of 0.35. The business has a 50-day moving average of $13.03 and a two-hundred day moving average of $12.22.

Ping An Insurance Co. of China Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 10th. Stockholders of record on Monday, May 19th were issued a dividend of $0.3797 per share. This represents a dividend yield of 771.0%. The ex-dividend date of this dividend was Friday, May 16th. This is a boost from Ping An Insurance Co. of China's previous dividend of $0.22. Ping An Insurance Co. of China's payout ratio is 43.26%.

About Ping An Insurance Co. of China

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.

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