Bank of China Limited (OTCMKTS:BACHY) Declares $0.31 Dividend

Bank of China Limited (OTCMKTS:BACHY) declared a dividend on Wednesday, April 16th, investing.com reports. Investors of record on Thursday, April 24th will be paid a dividend of 0.3063 per share by the bank on Monday, June 9th. This represents a yield of 9.32%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Bank of China Stock Performance

Bank of China stock traded down $0.02 during mid-day trading on Wednesday, reaching $14.29. 34,577 shares of the company were exchanged, compared to its average volume of 38,131. Bank of China has a 12-month low of $10.24 and a 12-month high of $15.50. The business has a fifty day moving average of $14.17 and a 200 day moving average of $12.90. The firm has a market cap of $168.24 billion, a P/E ratio of 5.60 and a beta of 0.10.

Bank of China (OTCMKTS:BACHY) last posted its earnings results on Wednesday, March 26th. The bank reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. Bank of China had a return on equity of 7.81% and a net margin of 17.35%. The company had revenue of $17.82 billion for the quarter, compared to analyst estimates of $130.61 billion.

Analysts Set New Price Targets

BACHY has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded shares of Bank of China from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Bank of America reissued a “neutral” rating on shares of Bank of China in a research report on Thursday, March 27th.

About Bank of China

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.