Bank of the Philippine Islands (OTCMKTS:BPHLY) Trading Down 14.6% – Should You Sell?

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

Bank of the Philippine Islands Stock Down 3.2 %

The company’s 50 day moving average price is C$45.54 and its 200-day moving average price is C$44.29.

Bank of the Philippine Islands Increases Dividend

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

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.