US Stock Market News | Considering increasing next year's dividend ratio, LexinFintech rises more than 7.7%
On Wednesday, as of the time of publication, LexinFintech rose by over 7.7% to $3.37. On the news front, recently, CICC organized an internal communication meeting for investors. During the meeting, LexinFintech's management revealed that they are considering increasing next year's dividend ratio from the current 20% of net profit to 25%. Based on the current stock price, a future dividend ratio of around 25% would translate to an annual dividend yield of at least 5%. The management of LexinFintech expects a significant increase in profits next year during the internal communication meeting at CICC. It is worth noting that LexinFintech's net profit in Q2 this year increased by 12% compared to Q1, showing a further improvement in performance. In terms of asset quality, from a risk perspective, the FPD7 of new assets in Q2 decreased by about 14% compared to the first quarter
According to the Zhitong Finance APP, as of Wednesday, Lexin (LX.US) surged over 7.7% to $3.37. On the news front, recently, CICC organized an internal communication meeting for investors, where Lexin's management revealed that they are considering increasing next year's dividend ratio from the current 20% of net profit to 25%. Based on the current stock price, a future dividend ratio of around 25% would translate to an annual dividend yield of at least 5%. Lexin's management expects a significant increase in profits next year at the CICC internal communication meeting. It is worth noting that Lexin's net profit in Q2 this year increased by 12% compared to Q1, showing a further improvement in performance. In terms of asset quality, from a risk indicator perspective, the FPD7 of new assets in Q2 decreased by about 14% compared to the first quarter