Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Reaches New 12-Month High – Here’s What Happened

Shares of Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) reached a new 52-week high on Friday . The company traded as high as $14.95 and last traded at $14.32, with a volume of 33575 shares. The stock had previously closed at $14.50.

Industrial and Commercial Bank of China Trading Down 1.2 %

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. The company has a market cap of $255.19 billion, a price-to-earnings ratio of 5.25 and a beta of 0.07. The business’s fifty day simple moving average is $13.25 and its two-hundred day simple moving average is $12.29.

Industrial and Commercial Bank of China Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 3rd were given a dividend of $0.3018 per share. The ex-dividend date of this dividend was Friday, January 3rd. Industrial and Commercial Bank of China’s dividend payout ratio (DPR) is presently 22.34%.

Industrial and Commercial Bank of China 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.