Bank of China Limited to Issue Dividend of $0.31 (OTCMKTS:BACHY)

Bank of China Limited (OTCMKTS:BACHY) announced a dividend on Wednesday, April 16th, investing.com reports. Investors of record on Thursday, April 24th will be paid a dividend of 0.3063 per share by the bank on Monday, June 9th. This represents a yield of 9.32%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Bank of China Trading Down 1.5 %

Shares of BACHY opened at $14.07 on Thursday. Bank of China has a 12-month low of $10.28 and a 12-month high of $15.50. The stock has a market cap of $165.73 billion, a P/E ratio of 5.52 and a beta of 0.10. The company has a 50-day moving average of $14.19 and a two-hundred day moving average of $12.91.

Bank of China (OTCMKTS:BACHY) last issued its quarterly earnings data on Wednesday, March 26th. The bank reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. The firm had revenue of $17.82 billion during the quarter, compared to the consensus estimate of $130.61 billion. Bank of China had a return on equity of 7.81% and a net margin of 17.35%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BACHY shares. Bank of America reaffirmed a “neutral” rating on shares of Bank of China in a research note on Thursday, March 27th. The Goldman Sachs Group upgraded shares of Bank of China from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.

About Bank of China

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.