LexinFintech Holdings Ltd. (LX) To Go Ex-Dividend on April 17th

LexinFintech Holdings Ltd. (NASDAQ:LX) declared a semi-annual dividend on Thursday, March 20th, Wall Street Journal reports. Investors of record on Thursday, April 17th will be paid 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 payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings.

LexinFintech Stock Performance

LX stock opened at $10.77 on Friday. The stock’s fifty day moving average is $8.35 and its two-hundred day moving average is $5.42. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 17.10 and a beta of 0.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. LexinFintech has a 1 year low of $1.56 and a 1 year high of $11.46.

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

Wall Street Analysts Forecast Growth

Separately, Citigroup raised LexinFintech from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th.

About LexinFintech

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.