X Financial (NYSE:XYF) Announces Dividend Increase – $0.25 Per Share

X Financial (NYSE:XYF) declared a semi-annual dividend on Thursday, March 20th, Wall Street Journal reports. Shareholders 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 Stock Down 4.6 %

Shares of X Financial stock traded down $0.61 during trading on Thursday, reaching $12.55. The company’s stock had a trading volume of 632,055 shares, compared to its average volume of 41,171. The company has a market cap of $614.02 million, a price-to-earnings ratio of 3.31 and a beta of 0.45. The firm’s 50-day moving average is $9.28 and its two-hundred day moving average is $7.60. X Financial has a 52-week low of $3.48 and a 52-week high of $14.80.

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

About X Financial

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.