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 Price Performance

Shares of OTCMKTS:BACHY traded down $0.02 during trading hours on Wednesday, hitting $14.29. 34,577 shares of the company’s stock traded hands, compared to its average volume of 38,131. The firm has a market capitalization of $168.24 billion, a P/E ratio of 5.60 and a beta of 0.10. The business has a fifty day moving average price of $14.17 and a 200-day moving average price of $12.90. Bank of China has a 1 year low of $10.24 and a 1 year high of $15.50.

Bank of China (OTCMKTS:BACHY) last posted its quarterly earnings data on Wednesday, March 26th. The bank reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $130.61 billion.

Analyst Ratings Changes

Several research analysts recently commented on BACHY shares. Bank of America reaffirmed a “neutral” rating on shares of Bank of China in a research note on Thursday, March 27th. The Goldman Sachs Group raised shares of Bank of China from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

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.