China Merchants Bank Co., Ltd. (OTCMKTS: CIHKY) will issue a dividend of $0.98


China Merchants Bank Co., Ltd. (OTCMKTS: CIHKY- Get a rating) declared a dividend on Thursday, June 30, reports. Shareholders of record on Thursday July 7 will receive a dividend of 0.9777 per share on Thursday August 25. This represents a dividend yield of 2.96%. The ex-dividend date is Wednesday, July 6.

CIHKY stock opened at $33.01 on Thursday. The company has a market capitalization of $166.50 billion, a price-earnings ratio of 8.87 and a beta of 0.84. The company has a debt ratio of 0.54, a quick ratio of 0.86 and a current ratio of 0.92. The company has a 50-day simple moving average of $30.14 and a two-hundred-day simple moving average of $36.75. China Merchants Bank has a one-year low of $26.00 and a one-year high of $45.05.

China Merchants Bank (OTCMKTS: CIHKY – Get a rating) last released its quarterly earnings data on Friday, April 22. The company reported earnings per share of $1.13 for the quarter. China Merchants Bank posted a net margin of 27.30% and a return on equity of 16.13%. The company had revenue of $13.44 billion in the quarter. As a group, stock analysts predict China Merchants Bank will post earnings per share of 0.33 for the current fiscal year.

(A d)

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Separately, Goldman Sachs Group downgraded shares of China Merchants Bank from a “conviction buy” rating to a “neutral” rating in a Monday, May 9 report.

China Merchants Bank Company Profile (Get a rating)

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business and Other Business segments. The company offers current, demand, time, call, savings, notice and renminbi accounts. Its lending products include personal commercial real estate, consumer, housing and auto loans; loans to finance studies abroad; loans to micro-enterprises; equipment mortgages; joint surety, special surety and housing mortgage loan; banker’s acceptance, discount, liquid capital and capital loans; and loans for ships.

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