BOC Hong Kong (OTCMKTS:BHKLY) Hits New 12-Month High – Here’s Why

Shares of BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) reached a new 52-week high on Wednesday . The company traded as high as $88.18 and last traded at $86.76, with a volume of 1539 shares. The stock had previously closed at $86.06.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of BOC Hong Kong from a “strong-buy” rating to a “neutral” rating in a research note on Tuesday, April 15th.

BOC Hong Kong Stock Up 0.8%

The business’s 50 day moving average price is $80.26 and its 200-day moving average price is $71.57.

BOC Hong Kong Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 16th will be paid a $0.7284 dividend. This represents a dividend yield of 6.09%. The ex-dividend date is Thursday, May 15th.

About BOC Hong Kong

BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally. The company operates through four segments: Personal Banking, Corporate Banking, Treasury, and Insurance. It offers savings, current, and time deposit accounts; mortgage plans; corporate deposits, and payroll and e-cheques services.