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) hit a new 52-week high on Tuesday . The company traded as high as $14.04 and last traded at $14.00, with a volume of 36734 shares. The stock had previously closed at $13.91.

Industrial and Commercial Bank of China Price Performance

The business’s 50 day moving average is $12.90 and its two-hundred day moving average is $12.12. The firm has a market capitalization of $249.48 billion, a PE ratio of 5.13 and a beta of 0.07. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.92.

Industrial and Commercial Bank of China Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 3rd were paid a $0.3018 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Industrial and Commercial Bank of China’s payout ratio is currently 22.34%.

About Industrial and Commercial Bank of China

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.