ZTO Express (Cayman) Inc. (NYSE:ZTO) Plans Dividend of $0.39
by Mitch Edgeman · The Markets DailyZTO Express (Cayman) Inc. (NYSE:ZTO – Get Free Report) announced a dividend on Tuesday, March 17th. Shareholders of record on Wednesday, April 8th will be paid a dividend of 0.39 per share by the transportation company on Wednesday, April 29th. This represents a dividend yield of 305.0%. The ex-dividend date is Wednesday, April 8th.
ZTO Express (Cayman) has raised its dividend payment by an average of 0.3%per year over the last three years. ZTO Express (Cayman) has a dividend payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ZTO Express (Cayman) to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 33.9%.
ZTO Express (Cayman) Stock Up 8.0%
Shares of NYSE ZTO traded up $1.91 during midday trading on Wednesday, reaching $25.64. 2,622,534 shares of the company’s stock traded hands, compared to its average volume of 2,126,030. The company has a market cap of $15.11 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 4.31 and a beta of -0.20. The stock’s 50 day simple moving average is $23.29 and its 200-day simple moving average is $20.95. ZTO Express has a one year low of $16.34 and a one year high of $26.20.
ZTO Express (Cayman) (NYSE:ZTO – Get Free Report) last posted its quarterly earnings data on Tuesday, March 17th. The transportation company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.44 by $0.03. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.99 billion. ZTO Express (Cayman) had a net margin of 18.61% and a return on equity of 14.33%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts predict that ZTO Express will post 1.57 EPS for the current fiscal year.
About ZTO Express (Cayman)
ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.
Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.