Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) To Go Ex-Dividend on July 7th

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) declared a dividend on Thursday, May 21st. Shareholders of record on Tuesday, July 7th will be given a dividend of 0.084 per share on Tuesday, July 21st. This represents a yield of 218.0%. The ex-dividend date of this dividend is Tuesday, July 7th.

Full Truck Alliance has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Full Truck Alliance to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 18.8%.

Full Truck Alliance Trading Down 0.2%

Shares of NYSE:YMM opened at $8.41 on Friday. Full Truck Alliance has a 52 week low of $7.45 and a 52 week high of $14.07. The company’s 50 day moving average is $8.49 and its two-hundred day moving average is $9.19. The company has a market cap of $8.77 billion, a PE ratio of 14.76, a P/E/G ratio of 0.74 and a beta of 0.31.

Hedge Funds Weigh In On Full Truck Alliance

Several hedge funds have recently made changes to their positions in YMM. Parallel Advisors LLC purchased a new position in Full Truck Alliance during the 1st quarter worth approximately $25,000. Bank of America Corp DE increased its holdings in shares of Full Truck Alliance by 57.7% in the 1st quarter. Bank of America Corp DE now owns 2,515,788 shares of the company’s stock valued at $20,881,000 after acquiring an additional 920,948 shares during the period. Royal Bank of Canada raised its position in Full Truck Alliance by 18.6% in the 1st quarter. Royal Bank of Canada now owns 177,284 shares of the company’s stock valued at $1,472,000 after purchasing an additional 27,857 shares during the last quarter. SummitTX Capital L.P. acquired a new stake in Full Truck Alliance during the 1st quarter worth $515,000. Finally, Lazard Asset Management LLC grew its position in Full Truck Alliance by 2.7% during the 1st quarter. Lazard Asset Management LLC now owns 652,987 shares of the company’s stock worth $5,420,000 after purchasing an additional 17,264 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

About Full Truck Alliance

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.