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

X Financial (NYSE:XYF)’s share price hit a new 52-week high during mid-day trading on Friday after the company announced a dividend. The company traded as high as $14.29 and last traded at $12.55, with a volume of 632055 shares trading hands. The stock had previously closed at $13.16.

The newly announced dividend which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 20th will be paid a $0.25 dividend. This represents a dividend yield of 2.6%. This is a positive change from X Financial’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, June 20th. X Financial’s dividend payout ratio (DPR) is presently 8.44%.

X Financial Trading Up 6.2 %

The company’s 50 day moving average is $9.50 and its 200-day moving average is $7.70. The company has a market capitalization of $655.31 million, a P/E ratio of 3.53 and a beta of 0.45.

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

X Financial Company Profile

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.