Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Announces Dividend Increase – $0.38 Per Share

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) declared a dividend on Friday, May 16th, investing.com reports. Shareholders of record on Monday, May 19th will be given a dividend of 0.3797 per share on Thursday, July 10th. This represents a yield of 7.71%. The ex-dividend date of this dividend is Friday, May 16th. This is a 76.6% increase from Ping An Insurance (Group) Company of China’s previous dividend of $0.22.

Ping An Insurance (Group) Company of China Stock Performance

OTCMKTS PNGAY opened at $12.38 on Friday. The stock has a market cap of $112.72 billion, a P/E ratio of 6.84 and a beta of 0.33. Ping An Insurance has a fifty-two week low of $8.16 and a fifty-two week high of $15.80. The stock has a 50 day simple moving average of $11.83 and a two-hundred day simple moving average of $11.74.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last announced its earnings results on Friday, April 25th. The company reported $0.40 EPS for the quarter. The company had revenue of $35.29 billion during the quarter. Ping An Insurance (Group) Company of China had a return on equity of 9.32% and a net margin of 10.66%. Sell-side analysts predict that Ping An Insurance will post 2.12 earnings per share for the current year.

About Ping An Insurance (Group) Company of China

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.