LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Get Free Report) declared a semi-annual dividend on Tuesday, August 12th, Wall Street Journal reports. Shareholders of record on Tuesday, August 26th will be paid a dividend of 0.194 per share on Monday, September 15th. This represents a yield of 440.0%. The ex-dividend date is Tuesday, August 26th. This is a 76.4% increase from LexinFintech's previous semi-annual dividend of $0.11.
LexinFintech has a dividend payout ratio of 9.8% indicating that its dividend is sufficiently covered by earnings.
LexinFintech Price Performance
LX traded up $0.09 on Tuesday, reaching $6.89. The stock had a trading volume of 4,011,243 shares, compared to its average volume of 3,516,003. LexinFintech has a fifty-two week low of $1.62 and a fifty-two week high of $11.64. The firm has a 50-day moving average of $6.98 and a 200-day moving average of $7.95. The company has a current ratio of 1.89, a quick ratio of 1.88 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 5.43 and a beta of 0.47.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.20. The company had revenue of $500.62 million during the quarter, compared to analysts' expectations of $500.62 million. LexinFintech had a return on equity of 14.67% and a net margin of 11.50%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered LexinFintech from a "buy" rating to a "hold" rating in a report on Saturday.
Check Out Our Latest Stock Analysis on LX
LexinFintech Company Profile
(
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LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.
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