Waterdrop Inc. Unsponsored ADR (NYSE:WDH) Declares Dividend of $0.03

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) declared a dividend on Tuesday, September 8th. Investors of record on Friday, October 9th will be given a dividend of 0.03 per share on Friday, November 6th. This represents a dividend yield of 558.0%. The ex-dividend date is Friday, October 9th.

Waterdrop has a dividend payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings.

Waterdrop Stock Performance

NYSE WDH opened at $1.07 on Wednesday. The stock has a 50-day simple moving average of $1.08 and a 200 day simple moving average of $1.41. Waterdrop has a twelve month low of $0.96 and a twelve month high of $2.07. The stock has a market capitalization of $387.95 million, a PE ratio of 5.12 and a beta of -0.08.

Waterdrop (NYSE:WDH) last released its earnings results on Tuesday, September 8th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $213.16 million for the quarter. Waterdrop had a return on equity of 10.87% and a net margin of 12.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WDH shares. Weiss Ratings cut Waterdrop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Wall Street Zen cut shares of Waterdrop from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $2.00.

About Waterdrop

Waterdrop Inc (NYSE: WDH) is a China-based insurtech and health protection platform that leverages digital technology to connect consumers with insurance and healthcare services. Through its mobile app and online marketplace, Waterdrop offers a range of microinsurance and critical illness products designed to provide affordable coverage for everyday risks. The platform also features crowdfunding channels that enable users to contribute to medical expense relief for individuals facing serious health challenges.

Since its founding in 2016 and headquartered in Shanghai, Waterdrop has grown its partner network to include leading insurance carriers and medical institutions across mainland China.