OVERSEA-CHINESE/ADR (OTCMKTS:OVCHY) Declares Semi-Annual Dividend of $0.32

OVERSEA-CHINESE/ADR (OTCMKTS:OVCHY) announced a Semi-Annual dividend on Friday, August 2nd, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.32 per share on Friday, October 18th. The ex-dividend date is Wednesday, August 14th. This is a positive change from OVERSEA-CHINESE/ADR’s previous Semi-Annual dividend of $0.30.

Shares of OVCHY stock traded down $0.16 on Tuesday, hitting $15.74. The company had a trading volume of 30,500 shares, compared to its average volume of 14,392. The stock has a market cap of $33.34 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 1.98 and a beta of 0.68. The company’s 50-day moving average price is $16.71. OVERSEA-CHINESE/ADR has a twelve month low of $14.95 and a twelve month high of $18.06.

Several equities research analysts have recently weighed in on OVCHY shares. Zacks Investment Research cut OVERSEA-CHINESE/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. ValuEngine cut OVERSEA-CHINESE/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

About OVERSEA-CHINESE/ADR

Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.

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