X Financial (NYSE:XYF) Raises Dividend to $0.25 Per Share

X Financial (NYSE:XYF) declared a semi-annual dividend on Thursday, March 20th, Wall Street Journal reports. Investors of record on Friday, June 20th will be given a dividend of 0.25 per share on Wednesday, July 2nd. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, June 20th. This is a 47.1% increase from X Financial’s previous semi-annual dividend of $0.17.

X Financial Price Performance

X Financial stock opened at $13.39 on Friday. The stock has a market cap of $655.31 million, a price-to-earnings ratio of 3.53 and a beta of 0.45. X Financial has a 1 year low of $3.48 and a 1 year high of $14.29. The firm has a 50-day moving average of $9.50 and a two-hundred day moving average of $7.70.

X Financial (NYSE:XYF) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.13 EPS for the quarter. The business had revenue of $234.09 million during the quarter. X Financial had a net margin of 25.03% and a return on equity of 20.66%.

X Financial Company Profile

X Financial provides personal finance services in the People’s Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.