X Financial Sponsored ADR (NYSE:XYF) to Issue $0.28 Dividend

X Financial Sponsored ADR (NYSE:XYF) announced a dividend on Monday, August 24th. Shareholders of record on Thursday, September 10th will be given a dividend of 0.28 per share on Monday, September 28th. This represents a yield of 1,027.0%. The ex-dividend date is Thursday, September 10th.

X Financial Stock Down 0.8%

Shares of NYSE XYF traded down $0.04 during midday trading on Tuesday, reaching $5.46. 34,958 shares of the stock were exchanged, compared to its average volume of 133,073. The firm has a market cap of $213.24 million, a price-to-earnings ratio of 1.58 and a beta of 0.46. X Financial has a twelve month low of $3.30 and a twelve month high of $15.96. The firm has a 50-day simple moving average of $4.99 and a two-hundred day simple moving average of $4.85.

X Financial (NYSE:XYF) last posted its earnings results on Monday, August 24th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.36. X Financial had a net margin of 15.06% and a return on equity of 14.38%. The firm had revenue of $146.24 million during the quarter, compared to analyst estimates of $190.63 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of X Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

X Financial Company Profile

X Financial (NYSE:XYF) is a Beijing-based online credit marketplace focused on providing diversified financing solutions to individuals and small- and medium-sized enterprises (SMEs) in China. The company was established in 2014 and completed its initial public offering on the New York Stock Exchange in 2016. Since inception, X Financial has built a technology-driven platform that connects borrowers with a network of institutional investors, banks and other funding sources, aiming to streamline access to credit and improve lending efficiency.

The company’s core offerings include consumer loans, SME loans, real estate-secured financing and wealth management products.