X Financial (NYSE:XYF) Reaches New 12-Month High After Dividend Announcement

X Financial (NYSE:XYF) shares hit a new 52-week high on Friday following a dividend announcement from the company. The stock traded as high as $14.29 and last traded at $12.55, with a volume of 632055 shares changing hands. 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 given a $0.25 dividend. This is a positive change from X Financial’s previous semi-annual dividend of $0.17. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, June 20th. X Financial’s dividend payout ratio (DPR) is currently 8.44%.

X Financial Stock Up 6.2 %

The business has a fifty day moving average of $9.50 and a 200 day moving average of $7.72. The firm has a market cap of $655.31 million, a P/E ratio of 3.53 and a beta of 0.45.

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

About X Financial

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.