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

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $14.95 and last traded at $14.32, with a volume of 33575 shares changing hands. The stock had previously closed at $14.50.

Industrial and Commercial Bank of China Stock Performance

The stock has a market capitalization of $255.19 billion, a PE ratio of 5.25 and a beta of 0.07. The firm’s fifty day moving average is $13.25 and its 200-day moving average is $12.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.66.

Industrial and Commercial Bank of China Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 3rd were paid 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.