ZTO Express (Cayman) Inc. (ZTO) To Go Ex-Dividend on April 8th

ZTO Express (Cayman) Inc. (NYSE:ZTO) announced a dividend on Tuesday, March 17th. Stockholders of record on Wednesday, April 8th will be given a dividend of 0.39 per share by the transportation company on Wednesday, April 29th. This represents a dividend yield of 305.0%. The ex-dividend date of this dividend is Wednesday, April 8th.

ZTO Express (Cayman) has raised its dividend by an average of 0.2%annually over the last three years. ZTO Express (Cayman) has a dividend payout ratio of 41.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ZTO Express (Cayman) to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 44.4%.

ZTO Express (Cayman) Stock Down 0.0%

NYSE:ZTO opened at $24.95 on Monday. ZTO Express has a 52 week low of $16.34 and a 52 week high of $26.20. The stock’s 50-day moving average price is $23.98 and its 200-day moving average price is $21.50. The stock has a market capitalization of $14.06 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.27 and a beta of -0.17.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Saturday, February 14th. The transportation company reported $0.47 earnings per share for the quarter. The company had revenue of $2.07 billion during the quarter. ZTO Express (Cayman) had a return on equity of 14.05% and a net margin of 18.50%. Sell-side analysts expect that ZTO Express will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Macquarie Infrastructure raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Weiss Ratings reissued a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Friday, March 27th. Finally, Wall Street Zen cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and an average price target of $22.36.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.