X Financial (NYSE:XYF) Sees Large Volume Increase Following Dividend Announcement

X Financial (NYSE:XYF) saw strong trading volume on Thursday after the company announced a dividend. 213,035 shares traded hands during trading, an increase of 437% from the previous session’s volume of 39,653 shares.The stock last traded at $13.50 and had previously closed at $13.16.

The newly announced dividend which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 20th. This is a boost from X Financial’s previous semi-annual dividend of $0.17. This represents a yield of 2.6%. X Financial’s dividend payout ratio is currently 8.44%.

X Financial Price Performance

The stock has a market capitalization of $655.31 million, a price-to-earnings ratio of 3.53 and a beta of 0.45. The business has a fifty day moving average of $9.50 and a 200 day moving average of $7.70.

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

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.