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

Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report) declared an annual dividend on Wednesday, March 5th, Wall Street Journal reports. Stockholders of record on Monday, April 7th will be paid a dividend of 0.1444 per share on Friday, April 18th. This represents a dividend yield of 0.9%. The ex-dividend date 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 24.4% 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 Trading Down 5.7 %

YMM stock traded down $0.76 during trading on Monday, reaching $12.42. 4,121,520 shares of the stock were exchanged, compared to its average volume of 7,842,566. Full Truck Alliance has a twelve month low of $6.57 and a twelve month high of $13.53. The company has a market capitalization of $13.08 billion, a P/E ratio of 29.54 and a beta of 0.25. The stock has a 50 day simple moving average of $11.63 and a 200-day simple moving average of $9.98.

Analyst Ratings Changes

A number of research analysts recently commented on YMM shares. Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Barclays lifted their target price on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a research note on Monday. Citigroup increased their price objective on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. HSBC assumed coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price for the company. Finally, JPMorgan Chase & Co. raised shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $13.00 to $18.00 in a research note on Thursday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $16.00.

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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.