Bank of Communications (OTCMKTS:BCMXY) Hits New 52-Week High – What’s Next?

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $23.40 and last traded at $23.40, with a volume of 127 shares traded. The stock had previously closed at $22.34.

Bank of Communications Trading Up 4.7 %

The company has a 50-day moving average price of $21.46 and a 200 day moving average price of $20.06. The stock has a market capitalization of $69.51 billion, a P/E ratio of 5.82 and a beta of -0.14.

Bank of Communications Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.5408 per share. This represents a dividend yield of 10.09%. This is a positive change from Bank of Communications’s previous dividend of $0.49. The ex-dividend date is Monday, April 14th. Bank of Communications’s dividend payout ratio is presently 26.73%.

About Bank of Communications

Bank of Communications Co, Ltd. provides commercial banking products and services in China. The company offers savings deposit products, including demand deposits, lump-sum deposits and withdrawal, time deposit of small savings for lump-sum withdrawal, interest withdrawal on principal deposited, time-demand deposit, call deposit, swap management, and education deposit; personal certificate of deposit; salary financing A; and foreign currency deposit.