RLX Technology Inc. Sponsored ADR (RLX) To Go Ex-Dividend on January 26th

RLX Technology Inc. Sponsored ADR (NYSE:RLX) announced an annual dividend on Friday, November 14th. Shareholders of record on Monday, January 26th will be given a dividend of 0.10 per share on Monday, February 9th. This represents a dividend yield of 390.0%. The ex-dividend date is Monday, January 26th. This is a 900.0% increase from RLX Technology’s previous annual dividend of $0.01.

RLX Technology has a dividend payout ratio of 83.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

RLX Technology Stock Up 3.2%

Shares of NYSE RLX traded up $0.08 during trading on Friday, reaching $2.40. 3,971,400 shares of the company traded hands, compared to its average volume of 1,812,624. The firm has a 50 day simple moving average of $2.36 and a 200-day simple moving average of $2.38. RLX Technology has a 52-week low of $1.66 and a 52-week high of $2.84. The stock has a market capitalization of $3.76 billion, a PE ratio of 34.21 and a beta of 1.10.

RLX Technology (NYSE:RLX) last released its quarterly earnings data on Friday, November 14th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). RLX Technology had a net margin of 21.05% and a return on equity of 4.74%. The company had revenue of $158.63 million for the quarter, compared to analysts’ expectations of $139.99 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new stake in shares of RLX Technology during the second quarter valued at approximately $1,282,000. Public Employees Retirement System of Ohio grew its stake in RLX Technology by 9.2% during the second quarter. Public Employees Retirement System of Ohio now owns 323,016 shares of the company’s stock valued at $714,000 after acquiring an additional 27,263 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in RLX Technology by 73.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,168 shares of the company’s stock valued at $89,000 after acquiring an additional 17,060 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in RLX Technology in the 2nd quarter valued at $99,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in RLX Technology by 15.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,603,605 shares of the company’s stock worth $3,544,000 after purchasing an additional 212,753 shares in the last quarter. 22.68% of the stock is currently owned by institutional investors.

About RLX Technology

RLX Technology Inc (NYSE:RLX) is a China-based company specializing in electronic nicotine delivery systems. The company develops, manufactures and markets closed-pod vaping devices and prefilled cartridges, positioning its products as an alternative to traditional combustible tobacco. RLX emphasizes consistent nicotine delivery, flavor variety and convenience through its proprietary e-liquid formulations and device design.

RLX operates a vertically integrated business model that encompasses research and development, production, quality control and sales.