XP Inc. (XP) to Issue Annual Dividend of $0.20 on June 18th

XP Inc. (NASDAQ:XP) declared an annual dividend on Monday, May 18th. Investors of record on Wednesday, June 10th will be given a dividend of 0.20 per share on Thursday, June 18th. This represents a yield of 115.0%. The ex-dividend date is Wednesday, June 10th. This is a 11.1% increase from XP’s previous annual dividend of $0.18.

XP has a payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect XP to earn $2.38 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 16.8%.

XP Price Performance

XP stock opened at $15.34 on Monday. The company has a fifty day moving average price of $18.49 and a 200 day moving average price of $18.65. XP has a 12 month low of $15.24 and a 12 month high of $23.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.66 and a quick ratio of 6.66. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.49 and a beta of 1.11.

XP Company Profile

XP Inc provides financial products and services in Brazil. It offers securities brokerage, private pension plans, commercial, and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits; product structuring and capital markets services for corporate clients and issuers of fixed income products; advisory services for mass-affluent and institutional clients; and wealth management services for high-net-worth customers and institutional clients.