Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) Plans $1.26 Annual Dividend

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) announced an annual dividend on Wednesday, June 10th. Investors of record on Thursday, July 2nd will be paid a dividend of 1.26 per share on Tuesday, July 28th. This represents a yield of 766.0%. The ex-dividend date of this dividend is Thursday, July 2nd.

Yuanbao Stock Down 2.3%

Shares of Yuanbao stock traded down $0.39 during trading hours on Thursday, hitting $16.45. The company’s stock had a trading volume of 33,297 shares, compared to its average volume of 47,539. The business has a fifty day moving average of $16.12 and a 200 day moving average of $18.58. The company has a market capitalization of $741.57 million, a PE ratio of 4.25 and a beta of 0.46. Yuanbao has a 1-year low of $12.01 and a 1-year high of $31.00.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, Citigroup initiated coverage on shares of Yuanbao in a report on Monday, February 23rd. They issued a “neutral” rating and a $21.80 target price on the stock. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.80.

Yuanbao Company Profile

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine. Through this engine, we successfully distribute suitable and high-quality insurance products to over ten million insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China’s personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023.