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. Investors 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 yield of 3.89%. The ex-dividend date is Tuesday, August 29th.
Xinyuan Real Estate Co has increased its dividend payment by an average of 15.1% per year over the last three years and has increased its dividend every year for the last 2 years.
Shares of Xinyuan Real Estate Co (NYSE XIN) opened at 5.14 on Monday. The company has a 50-day moving average of $5.31 and a 200-day moving average of $4.90. Xinyuan Real Estate Co has a 1-year low of $4.26 and a 1-year high of $7.06. The stock has a market capitalization of $330.62 million, a price-to-earnings ratio of 6.07 and a beta of 1.29.
Xinyuan Real Estate Co (NYSE:XIN) last posted its earnings results on Friday, August 11th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter. Xinyuan Real Estate Co had a return on equity of 6.07% and a net margin of 3.30%. The business had revenue of $488.17 million during the quarter. On average, equities research analysts expect that Xinyuan Real Estate Co will post $1.92 EPS for the current fiscal year.
Separately, BidaskClub upgraded Xinyuan Real Estate Co from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th.
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A hedge fund recently raised its stake in Xinyuan Real Estate Co stock. Vanguard Group Inc. increased its position in shares of Xinyuan Real Estate Co Ltd (NYSE:XIN) by 19.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing. Institutional investors own 17.56% of the company’s stock.
About Xinyuan Real Estate Co
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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