BOC Hong Kong (OTCMKTS:BHKLY) Reaches New 52-Week High Following Dividend Announcement

BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) shares hit a new 52-week high during mid-day trading on Tuesday after the company announced a dividend. The company traded as high as $88.15 and last traded at $84.33, with a volume of 8038 shares traded. The stock had previously closed at $83.54.

The newly announced dividend which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 16th will be given a dividend of $0.7284 per share. This represents a dividend yield of 6.09%. The ex-dividend date is Thursday, May 15th.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded BOC Hong Kong from a “strong-buy” rating to a “neutral” rating in a report on Tuesday, April 15th.

BOC Hong Kong Price Performance

The firm’s fifty day moving average price is $78.70 and its 200-day moving average price is $70.33.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally. The company operates through four segments: Personal Banking, Corporate Banking, Treasury, and Insurance. It offers savings, current, and time deposit accounts; mortgage plans; corporate deposits, and payroll and e-cheques services.