X Financial (NYSE:XYF) Sees Unusually-High Trading Volume Following Dividend Announcement

Shares of X Financial (NYSE:XYF) saw unusually-high trading volume on Thursday following a dividend announcement from the company. Approximately 213,035 shares changed hands during mid-day 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a dividend yield of 2.6%. This is a boost from X Financial’s previous semi-annual dividend of $0.17. X Financial’s dividend payout ratio (DPR) is currently 8.44%.

X Financial Price Performance

The company has a market capitalization of $655.31 million, a P/E ratio of 3.53 and a beta of 0.45. The firm has a fifty day moving average price of $9.50 and a 200-day moving average price of $7.70.

X Financial (NYSE:XYF) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.13 earnings per share (EPS) for the quarter. The firm 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%.

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.