ZTO Express (Cayman) Inc. (ZTO) To Go Ex-Dividend on September 30th

ZTO Express (Cayman) Inc. (NYSE:ZTO) declared a semi-annual dividend on Tuesday, August 19th, Wall Street Journal reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.29 per share by the transportation company on Friday, October 31st. This represents a yield of 330.0%. The ex-dividend date of this dividend is Tuesday, September 30th.

ZTO Express (Cayman) has a payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ZTO Express (Cayman) to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 40.9%.

ZTO Express (Cayman) Stock Performance

ZTO opened at $19.31 on Friday. The business has a 50 day moving average price of $19.34 and a 200 day moving average price of $18.72. ZTO Express has a twelve month low of $16.34 and a twelve month high of $27.50. The firm has a market cap of $11.55 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 7.84 and a beta of -0.15.

Wall Street Analyst Weigh In

ZTO has been the subject of a number of analyst reports. Zacks Research upgraded shares of ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley set a $24.20 price objective on shares of ZTO Express (Cayman) in a research note on Wednesday, July 2nd. Finally, Bank of America boosted their price objective on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.36.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.