LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) declared a semi-annual dividend on Thursday, March 20th, Wall Street Journal reports. Investors of record on Thursday, April 17th will be paid a dividend of 0.11 per share on Friday, May 16th. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 17th. This is a 52.8% increase from LexinFintech's previous semi-annual dividend of $0.07.
LexinFintech has a dividend payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings.
LexinFintech Price Performance
Shares of NASDAQ LX traded up $0.29 during trading on Monday, reaching $11.06. The company had a trading volume of 4,539,394 shares, compared to its average volume of 2,504,022. LexinFintech has a 52 week low of $1.56 and a 52 week high of $11.46. The business's 50 day moving average price is $8.35 and its 200-day moving average price is $5.47. The stock has a market cap of $1.82 billion, a PE ratio of 17.56 and a beta of 0.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66.
LexinFintech (NASDAQ:LX - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. The firm had revenue of $501.26 million during the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.
Analyst Upgrades and Downgrades
Separately, Citigroup upgraded LexinFintech from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.
View Our Latest Report on LX
LexinFintech Company Profile
(
Get Free Report)
LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.
Read More
Before you consider LexinFintech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LexinFintech wasn't on the list.
While LexinFintech currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
