KE Holdings Inc. Sponsored ADR (NYSE:BEKE) to Issue $0.28 Annual Dividend

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) announced an annual dividend on Monday, March 16th. Stockholders of record on Wednesday, April 8th will be paid a dividend of 0.276 per share on Friday, April 24th. This represents a dividend yield of 167.0%. The ex-dividend date of this dividend is Wednesday, April 8th.

KE has a payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect KE to earn $0.94 per share next year, which means the company should continue to be able to cover its $0.31 annual dividend with an expected future payout ratio of 33.0%.

KE Price Performance

Shares of NYSE BEKE traded down $0.50 during midday trading on Wednesday, hitting $16.52. 2,152,638 shares of the company’s stock were exchanged, compared to its average volume of 4,875,022. The firm’s fifty day simple moving average is $17.52 and its 200-day simple moving average is $17.62. The company has a market cap of $19.30 billion, a PE ratio of 45.90, a P/E/G ratio of 2.16 and a beta of -0.62. KE has a twelve month low of $15.26 and a twelve month high of $22.57.

About KE

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.