Full Truck Alliance Co. Ltd. (NYSE:YMM) Announces Dividend Increase – $0.14 Per Share

Full Truck Alliance Co. Ltd. (NYSE:YMM) announced an annual dividend on Thursday, March 6th, Wall Street Journal reports. Investors of record on Monday, April 7th will be given a dividend of 0.1444 per share on Friday, April 18th. This represents a yield of 0.9%. The ex-dividend date is Monday, April 7th. This is a 0.3% increase from Full Truck Alliance’s previous annual dividend of $0.14.

Full Truck Alliance has a dividend payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Full Truck Alliance to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 32.8%.

Full Truck Alliance Stock Up 0.1 %

NYSE:YMM opened at $13.28 on Friday. The stock’s 50 day moving average price is $11.58 and its two-hundred day moving average price is $9.91. The firm has a market capitalization of $13.99 billion, a price-to-earnings ratio of 31.61 and a beta of 0.25. Full Truck Alliance has a 12-month low of $5.70 and a 12-month high of $13.53.

Wall Street Analyst Weigh In

Several analysts have issued reports on YMM shares. Citigroup upped their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and upped their target price for the company from $13.00 to $18.00 in a research report on Thursday. Hsbc Global Res raised Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. Finally, HSBC started coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They issued a “buy” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $14.50.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.