OVERSEA-CHINESE/ADR (OTCMKTS:OVCHY) Declares Dividend Increase – $0.32 Per Share

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

Shares of OTCMKTS:OVCHY traded down $0.17 during trading on Monday, reaching $15.74. 26,307 shares of the company traded hands, compared to its average volume of 13,979. The company has a fifty day simple moving average of $16.77. The firm has a market cap of $33.28 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 1.97 and a beta of 0.68. OVERSEA-CHINESE/ADR has a 1-year low of $14.95 and a 1-year high of $18.06.

A number of research analysts have recently weighed in on OVCHY shares. Zacks Investment Research downgraded shares of OVERSEA-CHINESE/ADR from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine downgraded shares of OVERSEA-CHINESE/ADR from a “hold” rating to a “sell” rating in a report 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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