RLX Technology Inc. Sponsored ADR (NYSE:RLX) Raises Dividend to $0.10 Per Share

RLX Technology Inc. Sponsored ADR (NYSE:RLX - Get Free Report) announced an annual dividend on Friday, November 14th. Stockholders of record on Monday, January 26th will be given a dividend of 0.10 per share on Monday, February 9th. This represents a dividend yield of 390.0%. The ex-dividend date of this dividend is Monday, January 26th. This is a 900.0% increase from RLX Technology's previous annual dividend of $0.01.Get RLX Technology alerts:RLX Technology has a dividend payout ratio of 83.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. RLX Technology Trading Up 3.2%Shares of NYSE:RLX opened at $2.40 on Friday. The stock's 50-day moving average price is $2.36 and its two-hundred day moving average price is $2.38. RLX Technology has a 12-month low of $1.66 and a 12-month high of $2.84. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 34.21 and a beta of 1.10. RLX Technology (NYSE:RLX - Get Free Report) last issued its earnings results on Friday, November 14th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The business had revenue of $158.63 million for the quarter, compared to the consensus estimate of $139.99 million. RLX Technology had a return on equity of 4.74% and a net margin of 21.05%.Institutional Trading of RLX TechnologyA number of hedge funds have recently made changes to their positions in the stock. Oasis Management Co Ltd. grew its position in RLX Technology by 5.1% during the third quarter. Oasis Management Co Ltd. now owns 6,346,816 shares of the company's stock valued at $16,692,000 after purchasing an additional 309,785 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of RLX Technology by 53.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,804,284 shares of the company's stock valued at $8,407,000 after acquiring an additional 1,329,500 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of RLX Technology in the third quarter worth $7,900,000. Marshall Wace LLP increased its stake in shares of RLX Technology by 82.4% in the third quarter. Marshall Wace LLP now owns 2,067,228 shares of the company's stock worth $5,437,000 after acquiring an additional 934,135 shares during the last quarter. Finally, Mariner LLC raised its holdings in shares of RLX Technology by 7,564.1% during the third quarter. Mariner LLC now owns 1,668,476 shares of the company's stock worth $4,388,000 after acquiring an additional 1,646,706 shares in the last quarter. 22.68% of the stock is owned by hedge funds and other institutional investors. About RLX Technology (Get Free Report)RLX Technology Inc NYSE: RLX is a China-based company specializing in electronic nicotine delivery systems. The company develops, manufactures and markets closed-pod vaping devices and prefilled cartridges, positioning its products as an alternative to traditional combustible tobacco. RLX emphasizes consistent nicotine delivery, flavor variety and convenience through its proprietary e-liquid formulations and device design. RLX operates a vertically integrated business model that encompasses research and development, production, quality control and sales.Featured ArticlesFive stocks we like better than RLX TechnologyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffTrump’s AI Secret: 100X Faster Than NvidiaBuy This Stock at 9:30 AM on MONDAY!A U.S. “birthright” claim worth trillions - activated quietlyThe $100 Trillion AI Story No One Is Telling YouThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in RLX Technology Right Now?Before you consider RLX Technology, 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 RLX Technology wasn't on the list.While RLX Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here