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X Financial (NYSE:XYF) Reaches New 1-Year High Following Dividend Announcement

X Financial logo with Finance background
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X Financial (NYSE:XYF - Get Free Report) shares reached a new 52-week high on Friday after the company announced a dividend. The stock traded as high as $14.29 and last traded at $12.55, with a volume of 632055 shares traded. The stock had previously closed at $13.16.

The newly announced dividend which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be paid a $0.25 dividend. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, June 20th. This is an increase from X Financial's previous semi-annual dividend of $0.17. X Financial's payout ratio is currently 7.36%.

X Financial Price Performance

The company has a fifty day moving average price of $9.50 and a two-hundred day moving average price of $7.74. The firm has a market cap of $633.84 million, a price-to-earnings ratio of 3.42 and a beta of 0.45.

X Financial (NYSE:XYF - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.13 earnings per share (EPS) for the quarter. The company had revenue of $234.09 million for the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%.

About X Financial

(Get Free Report)

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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