Waterdrop Inc. Unsponsored ADR to Issue Dividend of $0.03 (NYSE:WDH)

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) announced a dividend on Tuesday, September 8th. Stockholders of record on Friday, October 9th will be given a dividend of 0.03 per share on Friday, November 6th. This represents a dividend yield of 558.0%. The ex-dividend date of this dividend is Friday, October 9th.

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

Waterdrop Stock Performance

Shares of Waterdrop stock opened at $1.07 on Wednesday. Waterdrop has a 1 year low of $0.96 and a 1 year high of $2.07. The firm’s 50-day simple moving average is $1.08 and its 200-day simple moving average is $1.41. The firm has a market cap of $387.95 million, a PE ratio of 5.12 and a beta of -0.08.

Waterdrop (NYSE:WDH) last announced its quarterly earnings data on Tuesday, September 8th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $213.16 million during the quarter. Waterdrop had a return on equity of 10.87% and a net margin of 12.47%.

Hedge Funds Weigh In On Waterdrop

Several hedge funds and other institutional investors have recently modified their holdings of the company. Boundless Plain Holdings Ltd acquired a new stake in shares of Waterdrop in the 4th quarter worth about $21,936,000. IDG China Capital Fund GP III Associates Ltd. bought a new position in Waterdrop in the 4th quarter worth about $538,000. E Fund Management Co. Ltd. bought a new position in Waterdrop in the 2nd quarter worth about $372,000. Invesco Ltd. acquired a new stake in shares of Waterdrop in the second quarter valued at approximately $156,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Waterdrop during the first quarter valued at approximately $94,000. Institutional investors and hedge funds own 1.96% of the company’s stock.

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.