Waterdrop Inc. Unsponsored ADR (WDH) To Go Ex-Dividend on October 9th

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) announced a dividend on Tuesday, September 8th. Stockholders of record on Friday, October 9th will be given a dividend of 0.03 per share on Friday, November 6th. This represents a dividend yield of 558.0%. The ex-dividend date of this dividend is Friday, October 9th.

Waterdrop has a dividend payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings.

Waterdrop Trading Down 4.2%

Shares of WDH opened at $1.02 on Thursday. Waterdrop has a 1-year low of $0.96 and a 1-year high of $2.07. The firm’s 50-day moving average price is $1.08 and its 200-day moving average price is $1.40. The firm has a market capitalization of $369.90 million, a price-to-earnings ratio of 4.88 and a beta of -0.08.

Waterdrop (NYSE:WDH) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.05 earnings per share (EPS) for the quarter. Waterdrop had a net margin of 10.69% and a return on equity of 10.64%. The company had revenue of $213.16 million during the quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on WDH shares. Weiss Ratings downgraded Waterdrop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Wall Street Zen cut Waterdrop from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $2.00.

About Waterdrop

Waterdrop Inc (NYSE: WDH) is a China-based insurtech and health protection platform that leverages digital technology to connect consumers with insurance and healthcare services. Through its mobile app and online marketplace, Waterdrop offers a range of microinsurance and critical illness products designed to provide affordable coverage for everyday risks. The platform also features crowdfunding channels that enable users to contribute to medical expense relief for individuals facing serious health challenges.

Since its founding in 2016 and headquartered in Shanghai, Waterdrop has grown its partner network to include leading insurance carriers and medical institutions across mainland China.