LexinFintech Holdings Ltd. (NASDAQ:LX) to Issue Semi-annual Dividend of $0.11

LexinFintech Holdings Ltd. (NASDAQ:LX) announced a semi-annual dividend on Thursday, March 20th, Wall Street Journal reports. Shareholders of record on Thursday, April 17th will be given a dividend of 0.11 per share on Friday, May 16th. This represents a yield of 1.2%. The ex-dividend date is Thursday, April 17th. This is a 52.8% increase from LexinFintech’s previous semi-annual dividend of $0.07.

LexinFintech has a dividend payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings.

LexinFintech Price Performance

Shares of NASDAQ:LX opened at $10.52 on Friday. The company has a market capitalization of $1.73 billion, a PE ratio of 16.70 and a beta of 0.60. The business has a fifty day moving average price of $8.25 and a 200-day moving average price of $5.36. LexinFintech has a 1-year low of $1.56 and a 1-year high of $11.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66.

LexinFintech (NASDAQ:LX) last issued its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share (EPS) for the quarter. The firm had revenue of $501.26 million for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

Analyst Ratings Changes

Separately, Citigroup upgraded LexinFintech from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th.

LexinFintech Company Profile

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.