Vipshop Holdings Limited (NYSE:VIPS) Announces Dividend Increase – $0.62 Per Share

Vipshop Holdings Limited (NYSE:VIPS) declared an annual dividend on Thursday, February 26th. Investors of record on Friday, April 10th will be paid a dividend of 0.62 per share by the technology company on Friday, April 24th. This represents a yield of 342.0%. The ex-dividend date is Friday, April 10th. This is a 44.2% increase from Vipshop’s previous annual dividend of $0.43.

Vipshop has a payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Vipshop to earn $2.11 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.7%.

Vipshop Trading Up 2.0%

Shares of NYSE:VIPS traded up $0.36 during trading on Thursday, hitting $18.11. 2,505,394 shares of the company were exchanged, compared to its average volume of 1,564,865. Vipshop has a fifty-two week low of $12.14 and a fifty-two week high of $21.08. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 1.49 and a beta of 0.72. The firm has a fifty day moving average price of $17.87 and a two-hundred day moving average price of $18.33.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.