LexinFintech Holdings Ltd. (LX) To Go Ex-Dividend on September 16th

LexinFintech Holdings Ltd. (NASDAQ:LX) announced a Semi-Annual dividend on Thursday, August 29th, Zacks reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.072 per share on Friday, October 18th. This represents a yield of 6.9%. The ex-dividend date is Monday, September 16th. This is a boost from LexinFintech’s previous Semi-Annual dividend of $0.07.

LexinFintech has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings.

LexinFintech Stock Down 0.6 %

LX stock opened at $1.73 on Friday. LexinFintech has a fifty-two week low of $1.56 and a fifty-two week high of $2.37. The company’s 50 day moving average price is $1.72 and its 200 day moving average price is $1.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market capitalization of $283.94 million, a price-to-earnings ratio of 2.28 and a beta of 0.53.

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.