Commerzbank AG Plans Annual Dividend of $0.15 (CRZBY)

Commerzbank AG (OTCMKTS:CRZBY) declared an annual dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Friday, May 24th will be given a dividend of 0.145 per share by the financial services provider on Thursday, June 6th. This represents a yield of 1.7%. The ex-dividend date is Thursday, May 23rd.

OTCMKTS:CRZBY opened at $8.54 on Friday. Commerzbank has a fifty-two week low of $6.22 and a fifty-two week high of $12.16. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 10.86 and a beta of 1.61.

CRZBY has been the topic of several research analyst reports. BNP Paribas reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Wednesday, February 27th. ValuEngine cut Commerzbank from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. Jefferies Financial Group initiated coverage on Commerzbank in a research note on Thursday, May 2nd. They issued a “hold” rating for the company. Finally, Zacks Investment Research cut Commerzbank from a “hold” rating to a “sell” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Commerzbank currently has an average rating of “Hold”.

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About Commerzbank

Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers and Corporate Clients segments.

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