Capitec Bank (OTCMKTS:CKHGY) Trading 0.4% Higher – Still a Buy?

Capitec Bank Holdings Limited (OTCMKTS:CKHGY)’s stock price traded up 0.4% during trading on Friday . The company traded as high as $98.88 and last traded at $98.00. 1,750 shares were traded during trading, a decline of 28% from the average session volume of 2,435 shares. The stock had previously closed at $97.61.

Capitec Bank Stock Performance

The stock’s 50-day moving average is $97.06 and its 200 day moving average is $88.53.

Capitec Bank Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were given a dividend of $0.8465 per share. This is a boost from Capitec Bank’s previous dividend of $0.43. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 1.35%.

About Capitec Bank

Capitec Bank Holdings Limited, through its subsidiaries, provides various banking products and services in South Africa. The company operates through three segments: Retail Bank, Business Bank, and Insurance. It offers transactional banking services; fixed and tax-free savings, and call and notice deposits; term loans, credit facilities, mortgage loans, overdrafts, instalment sales and leases, credit and debit cards, and access facilities; rental finance; payment services; merchant services; and value-added services, as well as credit and life insurance products.