Waterdrop Inc. Unsponsored ADR Declares Dividend of $0.03 (NYSE:WDH)

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) declared a dividend on Tuesday, September 8th. Investors of record on Friday, October 9th will be given a dividend of 0.03 per share on Friday, November 6th. This represents a dividend yield of 558.0%. The ex-dividend date is Friday, October 9th.

Waterdrop has a dividend payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings.

Waterdrop Trading Up 5.4%

NYSE WDH opened at $1.07 on Wednesday. Waterdrop has a 1 year low of $0.96 and a 1 year high of $2.07. The stock’s 50-day moving average price is $1.08 and its two-hundred day moving average price is $1.41. The company has a market cap of $387.95 million, a PE ratio of 5.12 and a beta of -0.08.

Waterdrop (NYSE:WDH) last issued its quarterly earnings results on Tuesday, September 8th. The company reported $0.05 EPS for the quarter. The business had revenue of $213.16 million during the quarter. Waterdrop had a net margin of 12.47% and a return on equity of 10.87%.

Wall Street Analyst Weigh In

WDH has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Waterdrop from a “buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings downgraded Waterdrop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.00.

Waterdrop Company Profile

Waterdrop Inc (NYSE: WDH) is a China-based insurtech and health protection platform that leverages digital technology to connect consumers with insurance and healthcare services. Through its mobile app and online marketplace, Waterdrop offers a range of microinsurance and critical illness products designed to provide affordable coverage for everyday risks. The platform also features crowdfunding channels that enable users to contribute to medical expense relief for individuals facing serious health challenges.

Since its founding in 2016 and headquartered in Shanghai, Waterdrop has grown its partner network to include leading insurance carriers and medical institutions across mainland China.