Xinyuan Real Estate Co., Ltd. (NYSE:XIN) declared a quarterly dividend on Friday, February 9th, RTT News reports. Stockholders of record on Wednesday, February 28th will be paid a dividend of 0.05 per share by the financial services provider on Thursday, March 15th. This represents a $0.20 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Tuesday, February 27th.
Xinyuan Real Estate has increased its dividend by an average of 27.1% per year over the last three years and has increased its dividend annually for the last 3 consecutive years.
Xinyuan Real Estate (NYSE:XIN) opened at $6.15 on Monday. The stock has a market capitalization of $506.79, a PE ratio of 6.54 and a beta of 1.48. The company has a quick ratio of 2.25, a current ratio of 1.53 and a debt-to-equity ratio of 2.86. Xinyuan Real Estate has a fifty-two week low of $4.26 and a fifty-two week high of $8.29.
An institutional investor recently raised its position in Xinyuan Real Estate stock. Vanguard Group Inc. increased its holdings in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) by 19.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,442 shares of the financial services provider’s stock after purchasing an additional 27,964 shares during the quarter. Vanguard Group Inc. owned 0.27% of Xinyuan Real Estate worth $909,000 at the end of the most recent reporting period. 15.89% of the stock is owned by hedge funds and other institutional investors.
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Xinyuan Real Estate 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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