Xinyuan Real Estate Co Ltd (XIN) to Issue Quarterly Dividend of $0.05 on September 15th
Xinyuan Real Estate Co Ltd (NYSE:XIN) announced a quarterly dividend on Friday, August 11th, RTT News reports. Stockholders of record on Thursday, August 31st will be given a dividend of 0.05 per share by the financial services provider on Friday, September 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Tuesday, August 29th.
Xinyuan Real Estate Co has raised its dividend payment by an average of 15.1% per year over the last three years and has raised its dividend every year for the last 2 years.
Shares of Xinyuan Real Estate Co (NYSE XIN) opened at 5.19 on Thursday. The firm has a market capitalization of $333.84 million, a P/E ratio of 6.13 and a beta of 1.29. The stock’s 50 day moving average is $5.32 and its 200-day moving average is $4.90. Xinyuan Real Estate Co has a 52-week low of $4.26 and a 52-week high of $7.06.
Xinyuan Real Estate Co (NYSE:XIN) last issued its earnings results on Friday, August 11th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $488.17 million for the quarter. Xinyuan Real Estate Co had a net margin of 3.30% and a return on equity of 6.07%. On average, equities analysts forecast that Xinyuan Real Estate Co will post $1.92 earnings per share for the current fiscal year.
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Separately, BidaskClub lowered shares of Xinyuan Real Estate Co from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th.
An institutional investor recently raised its position in Xinyuan Real Estate Co stock. Vanguard Group Inc. raised its stake in shares of Xinyuan Real Estate Co Ltd (NYSE:XIN) by 19.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,442 shares of the financial services provider’s stock after buying an additional 27,964 shares during the period. Vanguard Group Inc. owned 0.27% of Xinyuan Real Estate Co worth $909,000 at the end of the most recent quarter. Institutional investors own 19.28% of the company’s stock.
Xinyuan Real Estate Co Company Profile
Xinyuan Real Estate Co, Ltd. (Xinyuan) is a holding company and conducts business primarily through its operating subsidiaries in China. The Company is a real estate developer and property manager that primarily focuses on residential properties. Xinyuan is engaged in developing large scale residential projects, which consist of multiple residential buildings that include multi-layer apartment buildings, sub-high-rise apartment buildings or high-rise apartment buildings.
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