X Financial (NYSE:XYF) Issues Earnings Results

X Financial (NYSE:XYF) announced its quarterly earnings results on Wednesday. The company reported $1.13 earnings per share for the quarter, Zacks reports. 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 Price Performance

Shares of NYSE:XYF opened at $12.55 on Friday. The company has a market cap of $614.02 million, a price-to-earnings ratio of 3.31 and a beta of 0.45. X Financial has a one year low of $3.48 and a one year high of $14.29. The firm has a fifty day moving average price of $9.38 and a two-hundred day moving average price of $7.64.

X Financial Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be paid a $0.25 dividend. The ex-dividend date 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%.

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.