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

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

X Financial Trading Up 6.2 %

The firm has a fifty day moving average of $9.50 and a two-hundred day moving average of $7.70. The company has a market cap of $655.31 million, a PE ratio of 3.53 and a beta of 0.45.

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