X Financial (NYSE:XYF) Raises Dividend to $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 paid a dividend of 0.25 per share on Wednesday, July 2nd. This represents a dividend yield of 2.6%. The ex-dividend date is Friday, June 20th. This is a 47.1% increase from X Financial’s previous semi-annual dividend of $0.17.

X Financial Price Performance

XYF stock opened at $12.55 on Friday. The firm has a market capitalization of $614.02 million, a P/E ratio of 3.31 and a beta of 0.45. X Financial has a 52-week low of $3.48 and a 52-week high of $14.29. The company’s 50 day simple moving average is $9.38 and its 200-day simple moving average is $7.64.

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

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.