X Financial (NYSE:XYF - Get Free Report) saw unusually-strong trading volume on Thursday following a dividend announcement from the company. Approximately 213,035 shares were traded during mid-day trading, an increase of 437% from the previous session's volume of 39,653 shares.The stock last traded at $13.50 and had previously closed at $13.16.
The newly announced dividend which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 20th will be given a dividend of $0.25 per share. This represents a yield of 2.6%. The ex-dividend date is Friday, June 20th. This is a positive change from X Financial's previous semi-annual dividend of $0.17. X Financial's dividend payout ratio (DPR) is presently 7.36%.
X Financial Stock Down 3.5 %
The company's 50-day simple moving average is $9.50 and its 200 day simple moving average is $7.74. The company has a market capitalization of $642.40 million, a P/E ratio of 3.46 and a beta of 0.45.
X Financial (NYSE:XYF - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $1.13 EPS for the quarter. X Financial had a net margin of 25.03% and a return on equity of 20.66%. The firm had revenue of $234.09 million for the quarter.
About X Financial
(
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X Financial provides personal finance services in the People's Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.
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