Noah Holdings Ltd. (NYSE:NOAH) Declares Dividend Increase – $1.38 Per Share

Noah Holdings Ltd. (NYSE:NOAH) announced an annual dividend on Tuesday, June 16th. Investors of record on Thursday, July 9th will be paid a dividend of 1.3806 per share by the asset manager on Thursday, August 6th. This represents a yield of 1,316.0%. The ex-dividend date of this dividend is Thursday, July 9th. This is a 19.3% increase from Noah’s previous annual dividend of $1.16.

Noah has a payout ratio of 41.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Noah to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 37.4%.

Noah Trading Down 0.1%

NOAH stock traded down $0.01 on Wednesday, hitting $10.49. The company had a trading volume of 10,427 shares, compared to its average volume of 114,887. Noah has a 12-month low of $9.53 and a 12-month high of $12.84. The stock’s 50-day simple moving average is $10.32 and its 200 day simple moving average is $10.78. The stock has a market cap of $707.45 million, a price-to-earnings ratio of 9.72 and a beta of 0.80.

About Noah

Noah Holdings Limited is a China-based wealth management and asset management firm specializing in tailored advisory services for high-net-worth individuals, family offices and select institutional clients. The company offers a broad range of investment solutions that draw on its deep market research and partner network to provide access to both onshore and offshore products. Noah’s business model centers on delivering structured investment products, portfolio management services and family wealth planning solutions designed to meet the evolving needs of affluent clients in China and beyond.

Noah’s main service lines include discretionary portfolio management, fund distribution, private equity and venture capital fund platforms, and alternative investment strategies such as real estate and insurance-linked products.