Hello Group Inc. Plans Annual Dividend of $0.30 (NASDAQ:MOMO)

Hello Group Inc. (NASDAQ:MOMO - Get Free Report) declared an annual dividend on Thursday, March 13th, Wall Street Journal reports. Stockholders of record on Friday, April 11th will be given a dividend of 0.30 per share by the information services provider on Wednesday, April 30th. This represents a dividend yield of 4.18%. The ex-dividend date is Friday, April 11th.

Hello Group Trading Up 1.1 %

NASDAQ MOMO traded up $0.08 during trading hours on Monday, reaching $7.14. The company's stock had a trading volume of 3,432,483 shares, compared to its average volume of 1,339,832. The business has a 50-day simple moving average of $7.36 and a 200 day simple moving average of $7.12. Hello Group has a 52 week low of $4.79 and a 52 week high of $8.38. The stock has a market cap of $1.03 billion, a PE ratio of 7.36, a PEG ratio of 2.07 and a beta of 0.44.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MOMO shares. Citigroup boosted their price target on shares of Hello Group from $5.90 to $7.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. StockNews.com upgraded shares of Hello Group from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Benchmark reiterated a "buy" rating and set a $13.00 price objective on shares of Hello Group in a research report on Thursday. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Hello Group has an average rating of "Hold" and a consensus price target of $8.25.

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About Hello Group

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates in three segments: Momo, Tantan, and QOOL. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities, including live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names.