X Financial (NYSE:XYF) Sets New 12-Month High Following Dividend Announcement

X Financial (NYSE:XYF)’s share price reached a new 52-week high during trading on Friday after the company announced a dividend. The stock traded as high as $14.29 and last traded at $12.55, with a volume of 632055 shares traded. The stock 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 given a dividend of $0.25 per share. This is a boost from X Financial’s previous semi-annual dividend of $0.17. This represents a yield of 2.6%. The ex-dividend date of this dividend is Friday, June 20th. X Financial’s dividend payout ratio (DPR) is currently 8.44%.

X Financial Stock Down 4.6 %

The firm has a 50-day moving average of $9.38 and a two-hundred day moving average of $7.64. The company has a market capitalization of $614.02 million, a PE ratio of 3.31 and a beta of 0.45.

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

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.