China Construction Bank (OTCMKTS:CICHY) Reaches New 12-Month High – Here’s Why

China Construction Bank Co. (OTCMKTS:CICHY) shares reached a new 52-week high on Tuesday . The company traded as high as $19.86 and last traded at $19.81, with a volume of 33173 shares. The stock had previously closed at $19.32.

China Construction Bank Stock Up 2.5%

The firm has a market capitalization of $247.64 billion, a price-to-earnings ratio of 5.46 and a beta of 0.14. The company’s fifty day moving average is $17.58 and its two-hundred day moving average is $16.89.

China Construction Bank (OTCMKTS:CICHY) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.06). China Construction Bank had a net margin of 24.10% and a return on equity of 10.44%. The company had revenue of $25.48 billion during the quarter, compared to analyst estimates of $194.14 billion.

China Construction Bank Increases Dividend

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

China Construction Bank Company Profile

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.