XP Inc. (NASDAQ:XP) Announces Annual Dividend of $0.20

XP Inc. (NASDAQ:XPGet Free Report) announced an annual dividend on Monday, May 18th. Investors of record on Wednesday, June 10th will be given a dividend of 0.20 per share on Thursday, June 18th. This represents a yield of 115.0%. The ex-dividend date is Wednesday, June 10th. This is a 11.1% increase from XP’s previous annual dividend of $0.18.

XP has a dividend payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect XP to earn $2.40 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 7.5%.

XP Price Performance

Shares of XP stock opened at $17.34 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.36 and a quick ratio of 5.36. The company has a market capitalization of $9.32 billion, a P/E ratio of 10.02, a P/E/G ratio of 0.56 and a beta of 1.17. The company’s 50-day simple moving average is $19.17 and its two-hundred day simple moving average is $18.84. XP has a one year low of $15.61 and a one year high of $23.13.

Key Headlines Impacting XP

Here are the key news stories impacting XP this week:

XP Company Profile

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XP Inc provides financial products and services in Brazil. It offers securities brokerage, private pension plans, commercial, and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits; product structuring and capital markets services for corporate clients and issuers of fixed income products; advisory services for mass-affluent and institutional clients; and wealth management services for high-net-worth customers and institutional clients.

See Also

Dividend History for XP (NASDAQ:XP)

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