Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN) Announces Semi-annual Dividend of $0.76

Key Points

• Qfin Holdings Inc. announced a semi-annual dividend of $0.76, reflecting an 8.6% increase from the previous dividend of $0.70, payable on September 30th to investors of record on September 8th.
• The company has a low payout ratio of 17.3%, indicating that its dividend payments are well-covered by earnings, with future projections expecting a payout ratio of 21.9% based on estimated earnings of $6.39 per share next year.
• QFIN stock is currently trading at $29.15, having experienced a drop of $0.75, with a market capitalization of $4.59 billion and a P/E ratio of 4.12.

Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Get Free Report) declared a semi-annual dividend on Tuesday, August 19th, Wall Street Journal reports. Investors of record on Monday, September 8th will be paid a dividend of 0.76 per share on Tuesday, September 30th. This represents a yield of 440.0%. The ex-dividend date of this dividend is Monday, September 8th. This is a 8.6% increase from Qfin's previous semi-annual dividend of $0.70.

Qfin has a payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Qfin to earn $6.39 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 21.9%.

Qfin Price Performance

QFIN stock traded down $0.75 during mid-day trading on Tuesday, hitting $29.15. The stock had a trading volume of 5,000,126 shares, compared to its average volume of 1,733,712. The firm has a fifty day simple moving average of $39.57 and a 200 day simple moving average of $41.02. Qfin has a 52 week low of $23.86 and a 52 week high of $48.94. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $4.59 billion, a P/E ratio of 4.12, a P/E/G ratio of 0.40 and a beta of 0.39.

Qfin (NASDAQ:QFIN - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $1.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). Qfin had a return on equity of 31.00% and a net margin of 38.66%.The firm had revenue of $728.00 million for the quarter, compared to analysts' expectations of $4.68 billion. As a group, research analysts forecast that Qfin will post 5.71 EPS for the current year.

Qfin Company Profile

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.

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