Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Declares $1.26 Annual Dividend

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) declared an annual dividend on Wednesday, June 10th. Stockholders of record on Thursday, July 2nd will be given a dividend of 1.26 per share on Tuesday, July 28th. This represents a dividend yield of 766.0%. The ex-dividend date is Thursday, July 2nd.

Yuanbao Trading Down 2.1%

Shares of YB traded down $0.36 during trading hours on Thursday, reaching $16.48. 35,212 shares of the company traded hands, compared to its average volume of 47,554. The stock’s fifty day moving average price is $16.12 and its 200 day moving average price is $18.58. The firm has a market cap of $742.92 million, a price-to-earnings ratio of 4.26 and a beta of 0.46. Yuanbao has a 12-month low of $12.01 and a 12-month high of $31.00.

Analyst Ratings Changes

A number of analysts have weighed in on YB shares. Wall Street Zen lowered Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup initiated coverage on Yuanbao in a report on Monday, February 23rd. They issued a “neutral” rating and a $21.80 price target on the stock. Finally, Weiss Ratings cut Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.80.

Yuanbao Company Profile

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine. Through this engine, we successfully distribute suitable and high-quality insurance products to over ten million insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China’s personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023.