MINISO Group Holding Limited (NYSE:MNSO) Announces -- Dividend of $0.33

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) announced a -- dividend on Friday, March 21st, NASDAQ Dividends reports. Shareholders of record on Tuesday, April 8th will be given a dividend of 0.3268 per share on Wednesday, April 23rd. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, April 8th.

MINISO Group has increased its dividend payment by an average of 20.7% per year over the last three years. MINISO Group has a dividend payout ratio of 30.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MINISO Group to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 37.4%.

MINISO Group Stock Performance

Shares of NYSE:MNSO traded down $0.07 during midday trading on Tuesday, reaching $18.28. 2,119,522 shares of the company traded hands, compared to its average volume of 1,615,376. MINISO Group has a 12 month low of $12.51 and a 12 month high of $27.71. The firm's fifty day moving average price is $21.64 and its two-hundred day moving average price is $20.52. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.61 by ($2.25). The firm had revenue of $646.49 million during the quarter, compared to analysts' expectations of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. On average, equities analysts expect that MINISO Group will post 1.19 earnings per share for the current year.

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Wall Street Analyst Weigh In

A number of research analysts have recently commented on MNSO shares. Hsbc Global Res upgraded shares of MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. HSBC began coverage on MINISO Group in a research note on Wednesday, February 26th. They set a "buy" rating and a $29.30 price objective for the company. Finally, JPMorgan Chase & Co. raised MINISO Group from a "neutral" rating to an "overweight" rating and raised their price target for the company from $15.00 to $22.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.03.

MINISO Group Company Profile

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.