Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN) Plans Dividend Increase – $0.80 Per Share

Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN) announced a — dividend on Monday, July 7th, Wall Street Journal reports. Investors of record on Monday, July 14th will be given a dividend of 0.80 per share on Thursday, July 24th. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, July 14th. This is a 60.0% increase from Jiayin Group’s previous — dividend of $0.50.

Jiayin Group Stock Down 0.7%

NASDAQ:JFIN traded down $0.13 during trading hours on Monday, reaching $18.19. 126,606 shares of the company’s stock were exchanged, compared to its average volume of 132,543. The company has a market capitalization of $970.80 million, a P/E ratio of 5.29 and a beta of 0.97. Jiayin Group has a 12 month low of $4.00 and a 12 month high of $19.23. The business’s 50-day simple moving average is $14.72 and its two-hundred day simple moving average is $11.32.

Jiayin Group (NASDAQ:JFIN) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.40 earnings per share for the quarter. The business had revenue of $244.68 million during the quarter. Jiayin Group had a return on equity of 42.68% and a net margin of 21.66%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Jiayin Group from a “hold” rating to a “strong-buy” rating in a report on Friday, June 6th.

Jiayin Group Company Profile

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.