PPDAI Group Inc. Sponsored ADR (NYSE:FINV) Plans Dividend Increase – $0.31 Per Share

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) announced an annual dividend on Monday, March 16th. Stockholders of record on Thursday, April 16th will be paid a dividend of 0.306 per share on Thursday, May 7th. This represents a dividend yield of 497.0%. The ex-dividend date of this dividend is Thursday, April 16th. This is a 10.5% increase from PPDAI Group’s previous annual dividend of $0.28.

PPDAI Group has raised its dividend payment by an average of 0.1%annually over the last three years. PPDAI Group has a payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings.

PPDAI Group Stock Up 12.1%

FINV opened at $6.15 on Wednesday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 4.59 and a beta of 0.29. The firm has a 50 day moving average price of $5.36 and a 200-day moving average price of $5.96. PPDAI Group has a twelve month low of $4.70 and a twelve month high of $11.08. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.06.

PPDAI Group (NYSE:FINV) last issued its earnings results on Monday, March 16th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.06). PPDAI Group had a return on equity of 16.66% and a net margin of 18.70%.The company had revenue of $432.29 million during the quarter, compared to analysts’ expectations of $514.80 million.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of PPDAI Group in a report on Monday, December 29th. Wall Street Zen cut PPDAI Group from a “buy” rating to a “hold” rating in a research report on Sunday, November 23rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.10.

About PPDAI Group

PPDAI Group Inc operates an online consumer finance marketplace that connects individual and institutional investors with personal and small-business borrowers. Through its digital platform, the company facilitates unsecured consumer loans, auto refinancing loans and small-business financing by leveraging proprietary credit assessment tools and big data analytics. Investors gain exposure to a diversified portfolio of retail credit assets, while borrowers benefit from streamlined application processes and competitive financing rates.

At the core of PPDAI’s offering is a multi-layered risk management framework that combines automated credit scoring, manual underwriting oversight and third-party data verification.