X Financial (NYSE:XYF) Sees Large Volume Increase Following Dividend Announcement

X Financial (NYSE:XYF) shares saw strong trading volume on Thursday following a dividend announcement from the company. 213,035 shares changed hands during trading, an increase of 437% from the previous session’s volume of 39,653 shares.The stock last traded at $13.50 and had previously closed at $13.16.

The newly announced dividend which will be paid on Wednesday, July 2nd. Shareholders 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. The ex-dividend date of this dividend is Friday, June 20th. This represents a yield of 2.6%. X Financial’s payout ratio is presently 8.44%.

X Financial Stock Up 6.2 %

The company has a market cap of $655.31 million, a PE ratio of 3.53 and a beta of 0.45. The business has a 50-day simple moving average of $9.50 and a 200-day simple moving average of $7.70.

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