Waterdrop Inc. Unsponsored ADR (WDH) to Issue Dividend of $0.03 on May 20th

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) announced a dividend on Wednesday, March 25th. Shareholders of record on Friday, April 24th will be given a dividend of 0.03 per share on Wednesday, May 20th. This represents a yield of 363.0%. The ex-dividend date of this dividend is Friday, April 24th.

Waterdrop has a dividend payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings.

Waterdrop Stock Down 1.5%

WDH stock opened at $1.63 on Friday. The firm has a 50 day moving average of $1.75 and a two-hundred day moving average of $1.79. Waterdrop has a 12 month low of $1.16 and a 12 month high of $2.18. The company has a market capitalization of $589.03 million, a price-to-earnings ratio of 7.74 and a beta of -0.28.

Waterdrop (NYSE:WDH) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The business had revenue of $201.71 million during the quarter, compared to analyst estimates of $117.69 million. Waterdrop had a net margin of 14.28% and a return on equity of 11.51%.

About Waterdrop

Waterdrop Inc (NYSE: WDH) is a China-based insurtech and health protection platform that leverages digital technology to connect consumers with insurance and healthcare services. Through its mobile app and online marketplace, Waterdrop offers a range of microinsurance and critical illness products designed to provide affordable coverage for everyday risks. The platform also features crowdfunding channels that enable users to contribute to medical expense relief for individuals facing serious health challenges.

Since its founding in 2016 and headquartered in Shanghai, Waterdrop has grown its partner network to include leading insurance carriers and medical institutions across mainland China.