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

X Financial (NYSE:XYF - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as $14.29 and last traded at $12.55, with a volume of 632055 shares. The stock 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 issued a $0.25 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend is Friday, June 20th. This is an increase 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 PerformanceThe firm has a market cap of $614.02 million, a price-to-earnings ratio of 3.31 and a beta of 0.45. The firm has a fifty day simple moving average of $9.38 and a two-hundred day simple moving average of $7.64. X Financial (NYSE:XYF - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.13 earnings per share (EPS) for the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%. The firm had revenue of $234.09 million during the quarter. About X Financial (Get Free Report)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.Further ReadingFive stocks we like better than X FinancialInsider Buying Explained: What Investors Need to KnowEverything About Amazon Stock Signals a Buy—Time to Load Up?Dividend Screener: How to Evaluate Dividend Stocks Before Buying5 Reasons Five Below’s Stock Price Is Heading Higher This YearWhat Investors Must Know About Over-the-Counter (OTC) StocksBroadcom: Why the Chip Stock Remains a Top Long-Term AI PlayThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in X Financial Right Now?Before you consider X Financial, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and X Financial wasn't on the list.While X Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here