Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN) Increases Dividend to $0.76 Per Share

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 Monday, August 18th, Wall Street Journal reports. Shareholders 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 is Monday, September 8th. This is a 8.6% increase from Qfin's previous semi-annual dividend of $0.70.

Qfin has a dividend payout ratio of 17.3% meaning 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

Shares of QFIN stock traded up $0.78 during midday trading on Friday, reaching $31.45. 1,580,249 shares of the company traded hands, compared to its average volume of 2,307,090. The firm's 50 day simple moving average is $38.64 and its two-hundred day simple moving average is $40.73. Qfin has a 1-year low of $24.30 and a 1-year high of $48.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.48 and a quick ratio of 3.08. The firm has a market cap of $4.96 billion, a PE ratio of 4.44, a price-to-earnings-growth ratio of 0.32 and a beta of 0.39.

Qfin (NASDAQ:QFIN - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.01). The firm had revenue of $728.00 million during the quarter, compared to analyst estimates of $4.68 billion. Qfin had a net margin of 38.66% and a return on equity of 30.74%. On average, equities research analysts expect that Qfin will post 5.71 EPS for the current fiscal 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.