X Financial (NYSE:XYF) Raises Dividend to $0.25 Per Share

X Financial (NYSE:XYF) announced a semi-annual dividend on Thursday, March 20th, Wall Street Journal reports. Investors of record on Friday, June 20th will be given a dividend of 0.25 per share on Wednesday, July 2nd. This represents a dividend yield of 2.6%. The ex-dividend date is Friday, June 20th. This is a 47.1% increase from X Financial’s previous semi-annual dividend of $0.17.

X Financial Price Performance

XYF traded down $0.61 during midday trading on Thursday, reaching $12.55. 632,055 shares of the company’s stock traded hands, compared to its average volume of 41,171. X Financial has a 52 week low of $3.48 and a 52 week high of $14.80. The firm has a fifty day moving average of $9.28 and a two-hundred day moving average of $7.60. The stock has a market capitalization of $614.02 million, a price-to-earnings ratio of 3.31 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. The company had revenue of $234.09 million during the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%.

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.