Malayan Banking Berhad (OTCMKTS:MLYBY) Trading Down 3.7% – Here’s Why

Malayan Banking Berhad (OTCMKTS:MLYBY) shares fell 3.7% during trading on Monday . The stock traded as low as $4.80 and last traded at $4.86. 1,934 shares were traded during trading, a decline of 3% from the average session volume of 1,993 shares. The stock had previously closed at $5.05.

Malayan Banking Berhad Stock Performance

The company has a 50-day moving average of $5.25 and a 200 day moving average of $5.30.

Malayan Banking Berhad Increases Dividend

The company also recently declared a dividend, which was paid on Monday, April 7th. Investors of record on Thursday, March 13th were given a dividend of $0.124 per share. This is a boost from Malayan Banking Berhad’s previous dividend of $0.12. The ex-dividend date of this dividend was Thursday, March 13th. Malayan Banking Berhad’s payout ratio is presently 16.51%.

Malayan Banking Berhad Company Profile

Malayan Banking Berhad provides commercial banking and related financial products and services. The company operates through three segments: Group Community Financial Services, Group Global Banking, and Group Insurance and Takaful. It offers savings and fixed deposits, and current accounts; and housing and personal loans, project financing, overdrafts, and trade financing, as well as remittance services.