Commerzbank AG (OTCMKTS:CRZBY) Declares Dividend of $0.51

Commerzbank AG (OTCMKTS:CRZBY) declared a dividend on Friday, May 16th, investing.com reports. Shareholders of record on Tuesday, May 20th will be given a dividend of 0.5056 per share by the financial services provider on Friday, May 30th. This represents a yield of 1.75%. The ex-dividend date of this dividend is Monday, May 19th. This is a 96.4% increase from Commerzbank’s previous dividend of $0.26.

Commerzbank Stock Performance

OTCMKTS CRZBY opened at $28.88 on Friday. Commerzbank has a 52-week low of $13.28 and a 52-week high of $29.53. The business has a 50 day simple moving average of $25.85 and a 200 day simple moving average of $20.70. The stock has a market cap of $34.21 billion, a price-to-earnings ratio of 15.12 and a beta of 0.68.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings data on Friday, May 9th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. Commerzbank had a return on equity of 6.33% and a net margin of 8.55%. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $2.96 billion. On average, analysts predict that Commerzbank will post 1.96 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CRZBY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Commerzbank in a research note on Thursday, April 24th. Royal Bank of Canada restated a “sector perform” rating on shares of Commerzbank in a research note on Monday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Commerzbank in a report on Friday, March 7th.

About Commerzbank

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.