Qfin Holdings Inc. – Sponsored ADR (QFIN) to Issue Dividend of $0.46 on October 1st

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) announced a dividend on Tuesday, August 25th. Investors of record on Wednesday, September 9th will be given a dividend of 0.46 per share on Thursday, October 1st. This represents a dividend yield of 1,032.0%. The ex-dividend date of this dividend is Wednesday, September 9th.

Qfin has a dividend payout ratio of 19.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Qfin to earn $3.90 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 39.5%.

Qfin Trading Down 4.5%

Qfin stock traded down $0.42 during trading on Thursday, hitting $8.93. The company’s stock had a trading volume of 3,501,187 shares, compared to its average volume of 1,617,732. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 2.15 and a beta of 0.63. Qfin has a 1-year low of $8.79 and a 1-year high of $32.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.22 and a current ratio of 2.22. The stock’s fifty day moving average is $13.54 and its 200 day moving average is $13.89.

Qfin (NASDAQ:QFIN) last issued its earnings results on Friday, August 14th. The company reported $0.55 earnings per share for the quarter. Qfin had a return on equity of 15.44% and a net margin of 22.23%.The firm had revenue of $524.96 million for the quarter. As a group, equities research analysts predict that Qfin will post 3.74 EPS for the current year.

Qfin Company Profile

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.