China Construction Bank (OTCMKTS:CICHY) Reaches New 1-Year High – What’s Next?

China Construction Bank Corp. (OTCMKTS:CICHY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $19.90 and last traded at $19.88, with a volume of 49823 shares trading hands. The stock had previously closed at $19.64.

China Construction Bank Stock Up 1.3%

The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $17.84 and a 200 day moving average of $17.00. The firm has a market cap of $248.64 billion, a price-to-earnings ratio of 5.56 and a beta of 0.14.

China Construction Bank (OTCMKTS:CICHY) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.06). The company had revenue of $25.48 billion for the quarter, compared to analyst estimates of $194.14 billion. China Construction Bank had a net margin of 24.85% and a return on equity of 10.16%.

China Construction Bank Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 5th were paid a $0.4379 dividend. This represents a dividend yield of 10.12%. This is a positive change from China Construction Bank’s previous dividend of $0.42. The ex-dividend date was Friday, May 2nd. China Construction Bank’s dividend payout ratio (DPR) is 24.30%.

About China Construction Bank

China Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally. It operates through Corporate Finance Business, Personal Finance Business, Treasury and Asset Management Business, and Others segments.