Full Truck Alliance Co. Ltd. (YMM) to Issue Annual Dividend of $0.14 on April 18th

Full Truck Alliance Co. Ltd. (NYSE:YMM) declared an annual dividend on Thursday, March 6th, Wall Street Journal reports. Stockholders of record on Monday, April 7th will be paid a dividend of 0.1444 per share on Friday, April 18th. This represents a dividend yield of 0.9%. The ex-dividend date is Monday, April 7th. This is a 0.3% increase from Full Truck Alliance’s previous annual dividend of $0.14.

Full Truck Alliance has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Full Truck Alliance to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 32.8%.

Full Truck Alliance Stock Down 0.5 %

Shares of NYSE:YMM opened at $13.22 on Friday. The firm has a market cap of $13.92 billion, a P/E ratio of 31.47 and a beta of 0.25. Full Truck Alliance has a 12-month low of $6.18 and a 12-month high of $13.53. The business has a fifty day simple moving average of $11.58 and a 200 day simple moving average of $9.91.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on YMM shares. JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $13.00 to $18.00 in a research report on Thursday. Hsbc Global Res raised Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. Citigroup raised their target price on Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, HSBC assumed coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They set a “buy” rating and a $18.00 target price for the company. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $14.50.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.