Bank of the Philippine Islands (OTCMKTS:BPHLY) Trading Down 14.6% – What’s Next?

Bank of the Philippine Islands (OTCMKTS:BPHLY) shares were down 14.6% on Wednesday . The company traded as low as C$40.45 and last traded at C$40.45. Approximately 336 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 907 shares. The stock had previously closed at C$47.35.

Bank of the Philippine Islands Stock Performance

The business has a 50 day simple moving average of C$46.11 and a 200-day simple moving average of C$44.36.

Bank of the Philippine Islands Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, January 6th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.6705 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from Bank of the Philippine Islands’s previous dividend of $0.46.

Bank of the Philippine Islands Company Profile

Bank of the Philippine Islands, together with its subsidiaries, provides various financial products and services to retail and corporate clients in the Philippines. It operates through Consumer Banking, Corporate Banking, and Investment Banking segments. The Consumer Banking segment offers deposit taking and servicing; and consumer lending, such as home mortgages, auto loans, and credit card finance, as well as remittance services to individual and retail markets.