Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Shares Gap Up – Here’s What Happened

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $14.65, but opened at $15.47. Industrial & Commercial Bank of China Ltd. shares last traded at $14.84, with a volume of 55,634 shares changing hands.

Industrial & Commercial Bank of China Ltd. Stock Performance

The stock has a market capitalization of $264.95 billion, a P/E ratio of 5.53 and a beta of 0.21. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.91 and a current ratio of 0.91. The company’s fifty day simple moving average is $15.49 and its two-hundred day simple moving average is $14.68.

Industrial & Commercial Bank of China Ltd. Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, July 4th will be issued a dividend of $0.3506 per share. This is a boost from Industrial & Commercial Bank of China Ltd.’s previous dividend of $0.30. This represents a dividend yield of 417.0%. The ex-dividend date of this dividend is Thursday, July 3rd. Industrial & Commercial Bank of China Ltd.’s payout ratio is 26.39%.

Industrial & Commercial Bank of China Ltd. Company Profile

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.