Yiren Digital Ltd. (NYSE:YRD) Plans Dividend Increase – $0.22 Per Share

Yiren Digital Ltd. (NYSE:YRD) declared a semi-annual dividend on Friday, March 21st, Wall Street Journal reports. Shareholders of record on Wednesday, April 30th will be given a dividend of 0.22 per share by the technology company on Thursday, May 15th. This represents a yield of 2.6%. The ex-dividend date is Wednesday, April 30th. This is a 10.0% increase from Yiren Digital’s previous semi-annual dividend of $0.20.

Yiren Digital Stock Performance

Shares of YRD traded up $0.04 during mid-day trading on Friday, hitting $6.89. 176,330 shares of the company’s stock were exchanged, compared to its average volume of 145,149. The stock’s 50-day moving average is $6.30 and its 200-day moving average is $5.65. Yiren Digital has a fifty-two week low of $4.12 and a fifty-two week high of $9.20. The company has a market cap of $604.45 million, a price-to-earnings ratio of 2.38 and a beta of 0.65.

Yiren Digital (NYSE:YRD) last released its earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share (EPS) for the quarter. Yiren Digital had a net margin of 32.37% and a return on equity of 20.85%. The company had revenue of $198.95 million for the quarter.

About Yiren Digital

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.