PICC Property and Casualty (OTCMKTS:PPCCY) Stock Price Up 4.7% – Here’s Why

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) shot up 4.7% during trading on Monday . The company traded as high as $40.83 and last traded at $40.83. 3,462 shares changed hands during trading, an increase of 93% from the average session volume of 1,791 shares. The stock had previously closed at $39.01.

PICC Property and Casualty Stock Performance

The business has a 50-day moving average price of $37.80 and a 200 day moving average price of $33.97.

PICC Property and Casualty Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Investors of record on Friday, November 1st will be paid a dividend of $0.5872 per share. The ex-dividend date is Friday, November 1st. PICC Property and Casualty’s payout ratio is 49.94%.

About PICC Property and Casualty

PICC Property and Casualty Company Limited, together with its subsidiaries, operates as a property and casualty insurance company in the People's Republic of China. It operates through Motor Vehicle, Accidental Injury and Health, Agriculture, Liability, Commercial Property, and Others segments. The company offers accidental injury and medical expenses, short-term health, homeowners, special risk, marine hull, construction, household property, cargo, credit and surety, accidental injury, and other insurance products.