Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Declares Quarterly Dividend of $0.05
Xinyuan Real Estate Co., Ltd. (NYSE:XIN) announced a quarterly dividend on Friday, August 11th, RTT News reports. Shareholders of record on Thursday, August 31st will be paid a dividend of 0.05 per share by the financial services provider on Friday, September 15th. This represents a $0.20 annualized dividend and a yield of 3.87%.
Xinyuan Real Estate Co. has increased its dividend by an average of 15.1% annually over the last three years and has increased its dividend every year for the last 2 years.
Shares of Xinyuan Real Estate Co. (NYSE XIN) traded down 1.55% during midday trading on Friday, reaching $5.09. 25,218 shares of the company’s stock traded hands. The stock has a 50 day moving average of $5.30 and a 200-day moving average of $4.92. The stock has a market cap of $325.73 million, a P/E ratio of 4.59 and a beta of 1.29. Xinyuan Real Estate Co. has a 12 month low of $4.26 and a 12 month high of $7.06.
Xinyuan Real Estate Co. (NYSE:XIN) last announced its quarterly earnings data on Friday, August 11th. The financial services provider reported $0.14 EPS for the quarter. Xinyuan Real Estate Co. had a net margin of 2.64% and a return on equity of 3.33%. On average, equities research analysts forecast that Xinyuan Real Estate Co. will post $1.92 EPS for the current fiscal year.
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Separately, BidaskClub downgraded shares of Xinyuan Real Estate Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th.
Xinyuan Real Estate Co. declared that its board has authorized a stock repurchase program on Tuesday, April 18th that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the financial services provider to buy up to 122% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
Xinyuan Real Estate Co. Company Profile
Xinyuan Real Estate Co, Ltd. (Xinyuan) is a holding company and conducts business primarily through its operating subsidiaries in China. The Company is a real estate developer and property manager that primarily focuses on residential properties. Xinyuan is engaged in developing large scale residential projects, which consist of multiple residential buildings that include multi-layer apartment buildings, sub-high-rise apartment buildings or high-rise apartment buildings.
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