Bank of Communications (OTCMKTS:BCMXY) Sets New 1-Year High – Here’s Why

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) hit a new 52-week high during trading on Wednesday . The company traded as high as $20.31 and last traded at $20.31, with a volume of 218 shares trading hands. The stock had previously closed at $20.00.

Bank of Communications Stock Performance

The firm has a market cap of $61.79 billion, a price-to-earnings ratio of 5.17 and a beta of -0.05. The firm’s 50 day moving average is $19.37 and its 200-day moving average is $18.69.

Bank of Communications (OTCMKTS:BCMXY) last posted its earnings results on Wednesday, October 30th. The bank reported $0.98 earnings per share for the quarter. Bank of Communications had a return on equity of 7.57% and a net margin of 15.61%. The firm had revenue of $18.66 billion during the quarter.

Bank of Communications Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 17th will be issued a $0.4913 dividend. The ex-dividend date of this dividend is Friday, January 17th. Bank of Communications’s dividend payout ratio (DPR) is currently 24.38%.

Bank of Communications Company Profile

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.