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

X Financial (NYSE:XYF)’s share price reached a new 52-week high on Friday following a dividend announcement from the company. The stock traded as high as $14.29 and last traded at $12.55, with a volume of 632055 shares changing hands. The stock had previously closed at $13.16.

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

X Financial Stock Performance

The firm has a market cap of $655.31 million, a PE ratio of 3.53 and a beta of 0.45. The company’s 50-day simple moving average is $9.50 and its two-hundred day simple moving average is $7.70.

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 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%.

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.