MINISO Group Holding Limited (NYSE:MNSO) Announces Dividend of $0.33

MINISO Group Holding Limited (NYSE:MNSO) announced a dividend on Friday, March 21st, NASDAQ Dividends reports. Shareholders of record on Tuesday, April 8th will be paid a dividend of 0.3268 per share on Wednesday, April 23rd. The ex-dividend date is Tuesday, April 8th.

MINISO Group has increased its dividend payment by an average of 20.7% annually over the last three years. MINISO Group has a payout ratio of 30.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect MINISO Group to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 37.4%.

MINISO Group Stock Performance

Shares of MNSO stock traded down $1.89 during mid-day trading on Friday, reaching $18.90. The stock had a trading volume of 5,304,985 shares, compared to its average volume of 1,614,077. The firm’s 50 day simple moving average is $21.83 and its 200 day simple moving average is $20.44. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. MINISO Group has a one year low of $12.51 and a one year high of $27.71. The firm has a market cap of $5.91 billion, a PE ratio of 17.03, a P/E/G ratio of 0.80 and a beta of 0.10.

MINISO Group (NYSE:MNSO) last posted its earnings results on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $2.61 by ($2.25). The company had revenue of $646.49 million for the quarter, compared to the consensus estimate of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. On average, analysts forecast that MINISO Group will post 1.19 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on MNSO. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. HSBC started coverage on MINISO Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $29.30 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, MINISO Group currently has a consensus rating of “Moderate Buy” and an average target price of $23.70.

About MINISO Group

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.