Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Plans $0.08 Dividend

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) announced a dividend on Thursday, March 12th. Shareholders of record on Wednesday, April 8th will be paid a dividend of 0.084 per share on Wednesday, April 22nd. This represents a yield of 203.0%. The ex-dividend date of this dividend is Wednesday, April 8th.

Full Truck Alliance has a dividend payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Full Truck Alliance to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 24.1%.

Full Truck Alliance Price Performance

Shares of YMM stock opened at $8.20 on Monday. The company has a market cap of $8.57 billion, a PE ratio of 13.66 and a beta of 0.28. The stock’s 50 day simple moving average is $9.18 and its two-hundred day simple moving average is $10.87. Full Truck Alliance has a 1 year low of $8.04 and a 1 year high of $14.07.

Full Truck Alliance (NYSE:YMM) last released its earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. The firm had revenue of $456.32 million for the quarter. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%. Equities research analysts expect that Full Truck Alliance will post 0.46 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Weiss Ratings cut shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. raised Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price for the company in a report on Wednesday, April 1st. Daiwa Securities Group lowered shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a report on Friday, March 13th. Finally, iA Financial set a $8.00 price objective on shares of Full Truck Alliance in a research note on Monday, January 12th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.43.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.