LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Get Free Report) declared a semi-annual dividend on Monday, August 11th, Wall Street Journal reports. Investors 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 payout ratio of 9.8% indicating that its dividend is sufficiently covered by earnings.
LexinFintech Stock Up 0.8%
Shares of LX traded up $0.05 during trading hours on Friday, hitting $6.70. The company had a trading volume of 3,631,471 shares, compared to its average volume of 4,820,687. 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 $1.13 billion, a PE ratio of 5.28 and a beta of 0.47. LexinFintech has a one year low of $1.63 and a one year high of $11.64. The company's fifty day moving average price is $6.94 and its two-hundred day moving average price is $7.92.
LexinFintech (NASDAQ:LX - Get Free Report) last announced its 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 the consensus estimate of $500.62 million. LexinFintech had a net margin of 11.50% and a return on equity of 14.67%.
LexinFintech declared that its Board of Directors has initiated a share buyback plan on Monday, July 21st that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.
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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