XP Inc. (NASDAQ:XP) Raises Dividend to $0.20 Per Share

XP Inc. (NASDAQ:XP) announced an annual dividend on Monday, May 18th. Shareholders of record on Wednesday, June 10th will be paid a dividend of 0.20 per share on Thursday, June 18th. This represents a yield of 115.0%. The ex-dividend date is Wednesday, June 10th. This is a 11.1% increase from XP’s previous annual dividend of $0.18.

XP has a dividend payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect XP to earn $2.40 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 7.5%.

XP Stock Down 0.7%

Shares of XP stock opened at $17.34 on Tuesday. The stock has a market cap of $9.32 billion, a P/E ratio of 10.02, a PEG ratio of 0.56 and a beta of 1.17. XP has a 52 week low of $15.61 and a 52 week high of $23.13. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $19.17 and its two-hundred day simple moving average is $18.84.

About XP

XP Inc provides financial products and services in Brazil. It offers securities brokerage, private pension plans, commercial, and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits; product structuring and capital markets services for corporate clients and issuers of fixed income products; advisory services for mass-affluent and institutional clients; and wealth management services for high-net-worth customers and institutional clients.