Yintech Investment Holdings (NASDAQ:YIN) to Issue Annual Dividend of $0.40

Yintech Investment Holdings (NASDAQ:YIN) declared an annual dividend on Friday, March 16th, Wall Street Journal reports. Stockholders of record on Tuesday, March 27th will be paid a dividend of 0.40 per share by the financial services provider on Monday, April 9th. This represents a dividend yield of 4.28%. The ex-dividend date is Monday, March 26th.

Shares of Yintech Investment stock traded down $0.02 on Friday, hitting $9.17. The stock had a trading volume of 27,535 shares, compared to its average volume of 50,532. Yintech Investment has a one year low of $8.51 and a one year high of $20.70. The stock has a market capitalization of $642.72, a price-to-earnings ratio of 8.65, a P/E/G ratio of 0.48 and a beta of -0.32.

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Yintech Investment (NASDAQ:YIN) last announced its quarterly earnings results on Tuesday, March 13th. The financial services provider reported ($0.09) EPS for the quarter. The business had revenue of $58.37 million during the quarter. Yintech Investment had a return on equity of 14.84% and a net margin of 19.38%. analysts forecast that Yintech Investment will post 1 earnings per share for the current year.

Several brokerages have commented on YIN. Zacks Investment Research raised Yintech Investment from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 3rd. ValuEngine downgraded Yintech Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub upgraded Yintech Investment from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, TheStreet upgraded Yintech Investment from a “d+” rating to a “c” rating in a report on Tuesday, March 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Yintech Investment has a consensus rating of “Hold” and an average target price of $15.00.

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Yintech Investment Company Profile

Yintech Investment Holdings Limited, together with its subsidiaries, provides trading and investment services for online spot commodity trading. The company facilitates the trading by individual customers of gold, silver, and other precious metals and commodities on three exchanges, Shanghai Gold Exchange, Tianjin Precious Metals Exchange, and Guangdong Precious Metals Exchange in China.

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