X Financial Sponsored ADR (NYSE:XYF) Plans Dividend Increase - $0.28 Per Share

Key Points

• X Financial Sponsored ADR announced a semi-annual dividend of $0.28, which is a 12.0% increase from its previous dividend of $0.25, reflecting a substantial yield of 330.0%.
• The company's stock is currently trading at $12.24, down 4.8%, with a market cap of $511.39 million and a PE ratio of 2.55.
• X Financial reported quarterly earnings of $1.85 per share, with a revenue of $317.32 million and a return on equity of 23.30%.

X Financial Sponsored ADR (NYSE:XYF - Get Free Report) announced a semi-annual dividend on Tuesday, August 19th, Wall Street Journal reports. Stockholders of record on Friday, September 26th will be given a dividend of 0.28 per share on Wednesday, October 15th. This represents a dividend yield of 330.0%. The ex-dividend date of this dividend is Friday, September 26th. This is a 12.0% increase from X Financial's previous semi-annual dividend of $0.25.

X Financial Stock Performance

Shares of XYF stock traded up $0.9610 during trading hours on Friday, reaching $15.7510. The company had a trading volume of 585,999 shares, compared to its average volume of 620,865. X Financial has a twelve month low of $4.36 and a twelve month high of $20.35. The company has a market capitalization of $658.08 million, a P/E ratio of 2.95 and a beta of 0.25. The stock's fifty day simple moving average is $16.28 and its 200 day simple moving average is $14.36.

X Financial (NYSE:XYF - Get Free Report) last posted its earnings results on Monday, August 18th. The company reported $1.85 earnings per share (EPS) for the quarter. The business had revenue of $317.32 million during the quarter. X Financial had a return on equity of 25.42% and a net margin of 23.30%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered X Financial from a "strong-buy" rating to a "buy" rating in a research report on Friday.

About X Financial

X Financial provides personal finance services in the People's Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.