Full Truck Alliance Co. Ltd. (NYSE:YMM) Announces Annual Dividend of $0.14

Full Truck Alliance Co. Ltd. (NYSE:YMM) declared an annual dividend on Wednesday, March 5th, Wall Street Journal reports. Shareholders of record on Monday, April 7th will be paid a dividend of 0.1444 per share on Thursday, April 17th. This represents a yield of 0.9%. The ex-dividend date of this dividend is Monday, April 7th. This is a 0.3% increase from Full Truck Alliance’s previous annual dividend of $0.14.

Full Truck Alliance has a payout ratio of 22.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Full Truck Alliance to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 32.8%.

Full Truck Alliance Price Performance

YMM stock opened at $11.08 on Friday. Full Truck Alliance has a 1-year low of $6.66 and a 1-year high of $13.85. The stock has a market capitalization of $11.67 billion, a P/E ratio of 26.37 and a beta of 0.19. The business has a fifty day moving average price of $12.41 and a 200-day moving average price of $10.73.

Analyst Upgrades and Downgrades

YMM has been the subject of a number of research reports. HSBC assumed coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They set a “buy” rating and a $18.00 target price for the company. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a report on Thursday, March 6th. Citigroup lifted their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $13.00 to $18.00 in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Full Truck Alliance has an average rating of “Buy” and an average price target of $16.40.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.