AGRICULTURAL BK/ADR (OTCMKTS:ACGBY) to Issue Annual Dividend of $0.53

AGRICULTURAL BK/ADR (OTCMKTS:ACGBY) announced an annual dividend on Friday, June 12th, Zacks reports. Investors of record on Thursday, July 2nd will be paid a dividend of 0.529 per share on Monday, August 17th. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st.

Shares of OTCMKTS ACGBY opened at $10.15 on Tuesday. The company has a market cap of $142.58 billion, a price-to-earnings ratio of 4.74 and a beta of 0.77. AGRICULTURAL BK/ADR has a 12-month low of $8.39 and a 12-month high of $11.21. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The stock’s 50 day simple moving average is $10.04 and its 200 day simple moving average is $10.15.

AGRICULTURAL BK/ADR (OTCMKTS:ACGBY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of $23.44 billion for the quarter. AGRICULTURAL BK/ADR had a return on equity of 11.57% and a net margin of 22.20%. As a group, equities analysts forecast that AGRICULTURAL BK/ADR will post 1.73 earnings per share for the current fiscal year.

Several brokerages recently issued reports on ACGBY. ValuEngine downgraded AGRICULTURAL BK/ADR from a “sell” rating to a “strong sell” rating in a report on Friday, March 13th. Zacks Investment Research downgraded AGRICULTURAL BK/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Jefferies Financial Group began coverage on AGRICULTURAL BK/ADR in a research note on Friday, April 3rd. They set a “buy” rating on the stock.

About AGRICULTURAL BK/ADR

Agricultural Bank of China Limited provides corporate and retail banking products and services in the Mainland China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. Its deposit products include demand, call, foreign currency time, foreign currency call, time or demand optional, foreign exchange demand, foreign exchange call, savings, foreign exchange time, agreed-term, and negotiated deposits; and loans comprise housing, consumer, business, fixed asset, working capital, real estate, and entrusted syndicated loans, as well as trade finances, guarantees and commitments, and loans with custody of export rebates accounts.

Further Reading: How much can an individual set aside as a catch-up contribution?

Receive News & Ratings for AGRICULTURAL BK/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGRICULTURAL BK/ADR and related companies with MarketBeat.com's FREE daily email newsletter.