LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) Declares $0.19 Dividend

LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) announced a dividend on Thursday, March 19th. Shareholders of record on Friday, April 24th will be given a dividend of 0.188 per share on Wednesday, June 3rd. This represents a dividend yield of 1,589.0%. The ex-dividend date of this dividend is Friday, April 24th.

LexinFintech has a payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings.

LexinFintech Stock Down 7.3%

Shares of LX traded down $0.19 during midday trading on Friday, hitting $2.37. 1,988,172 shares of the company’s stock traded hands, compared to its average volume of 1,434,093. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $397.93 million, a price-to-earnings ratio of 1.67 and a beta of 0.67. The firm’s fifty day moving average is $2.86 and its 200-day moving average is $3.89. LexinFintech has a 1 year low of $2.36 and a 1 year high of $11.64.

LexinFintech (NASDAQ:LX) last announced its quarterly earnings data on Thursday, March 19th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $434.95 million for the quarter. LexinFintech had a net margin of 13.28% and a return on equity of 16.11%.

About LexinFintech

LexinFintech Holdings Ltd. (NASDAQ: LX) is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company’s core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.

In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.