RLX Technology Inc. Sponsored ADR (RLX) to Issue Annual Dividend of $0.10 on February 9th

RLX Technology Inc. Sponsored ADR (NYSE:RLX) declared an annual dividend on Friday, November 14th. Shareholders of record on Monday, January 26th will be paid a dividend of 0.10 per share on Monday, February 9th. This represents a yield of 390.0%. The ex-dividend date of this dividend is Monday, January 26th. This is a 900.0% increase from RLX Technology’s previous annual dividend of $0.01.

RLX Technology has a payout ratio of 83.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

RLX Technology Price Performance

Shares of NYSE:RLX traded up $0.08 during trading on Friday, hitting $2.40. 3,971,400 shares of the company were exchanged, compared to its average volume of 1,812,624. RLX Technology has a 52-week low of $1.66 and a 52-week high of $2.84. The stock has a 50 day moving average of $2.36 and a 200 day moving average of $2.38. The company has a market cap of $3.76 billion, a PE ratio of 34.21 and a beta of 1.10.

RLX Technology (NYSE:RLX) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). RLX Technology had a return on equity of 4.74% and a net margin of 21.05%.The firm had revenue of $158.63 million during the quarter, compared to analysts’ expectations of $139.99 million.

RLX Technology announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 31st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

About RLX Technology

RLX Technology Inc (NYSE:RLX) is a China-based company specializing in electronic nicotine delivery systems. The company develops, manufactures and markets closed-pod vaping devices and prefilled cartridges, positioning its products as an alternative to traditional combustible tobacco. RLX emphasizes consistent nicotine delivery, flavor variety and convenience through its proprietary e-liquid formulations and device design.

RLX operates a vertically integrated business model that encompasses research and development, production, quality control and sales.