Qfin Holdings Inc. – Sponsored ADR Declares Dividend of $0.46 (NASDAQ:QFIN)

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN – Get Free Report) declared a dividend on Tuesday, August 25th. Investors of record on Wednesday, September 9th will be given a dividend of 0.46 per share on Thursday, October 1st. This represents a dividend yield of 1,032.0%. The ex-dividend date is Wednesday, September 9th.

Qfin has a dividend payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Qfin to earn $3.90 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 39.5%.

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Qfin Price Performance

Shares of NASDAQ QFIN traded down $0.45 during midday trading on Thursday, reaching $8.90. 3,239,311 shares of the stock traded hands, compared to its average volume of 1,616,693. The company’s 50 day moving average is $13.54 and its 200 day moving average is $13.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22. Qfin has a one year low of $8.79 and a one year high of $32.69. The stock has a market capitalization of $1.08 billion, a PE ratio of 2.14 and a beta of 0.63.

Qfin (NASDAQ:QFIN – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.55 EPS for the quarter. Qfin had a return on equity of 15.44% and a net margin of 22.23%.The company had revenue of $524.96 million for the quarter. On average, equities research analysts anticipate that Qfin will post 3.74 earnings per share for the current year.

About Qfin

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360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.

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