Bank of China Limited (OTCMKTS:BACHY – Get Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.51 and traded as high as $13.19. Bank of China shares last traded at $13.15, with a volume of 29,322 shares changing hands.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group upgraded Bank of China from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.
Check Out Our Latest Analysis on BACHY
Bank of China Trading Up 1.1 %
Bank of China Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, January 14th will be paid a $0.3231 dividend. The ex-dividend date is Tuesday, January 14th. Bank of China’s dividend payout ratio is presently 25.49%.
About Bank of China
Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.
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