Agricultural Bank of China (OTCMKTS:ACGBY) Announces $0.59 Annual Dividend

Agricultural Bank of China (OTCMKTS:ACGBY) declared an annual dividend on Wednesday, March 28th, Zacks reports. Investors of record on Thursday, May 17th will be paid a dividend of 0.589 per share on Friday, June 29th. This represents a yield of 4.07%. The ex-dividend date of this dividend is Wednesday, May 16th.

ACGBY stock opened at $13.49 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 6.63 and a beta of 1.24. Agricultural Bank of China has a 12 month low of $10.84 and a 12 month high of $15.85.

Separately, ValuEngine cut shares of Agricultural Bank of China from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd.

Agricultural Bank of China Company Profile

Agricultural Bank of China Limited provides corporate and retail banking products and services in the Mainland China and internationally. It operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The company's 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, entrusted syndicated, and small enterprise loans, as well as trade finances, guarantees and commitments, and loans with custody of export rebates accounts.

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