KBC Group (OTCMKTS:KBCSY) Shares Up 2.2% – Here’s Why

KBC Group NV (OTCMKTS:KBCSY)’s stock price rose 2.2% on Monday . The stock traded as high as $37.98 and last traded at $37.82. Approximately 41,474 shares were traded during trading, an increase of 40% from the average daily volume of 29,671 shares. The stock had previously closed at $36.99.

KBC Group Stock Performance

The stock has a market capitalization of $31.57 billion, a PE ratio of 9.72, a P/E/G ratio of 1.40 and a beta of 1.17. The company’s fifty day simple moving average is $37.71 and its two-hundred day simple moving average is $37.18.

KBC Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 13th will be given a dividend of $0.3313 per share. This is an increase from KBC Group’s previous dividend of $0.23. The ex-dividend date of this dividend is Wednesday, November 13th. KBC Group’s payout ratio is currently 16.20%.

About KBC Group

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.