Hello Group Inc. Announces Annual Dividend of $0.30 (NASDAQ:MOMO)

Hello Group Inc. (NASDAQ:MOMO) announced an annual dividend on Thursday, March 13th, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid a dividend of 0.30 per share by the information services provider on Wednesday, April 30th. This represents a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, April 11th.

Hello Group Stock Up 5.4 %

Shares of MOMO opened at $7.17 on Friday. The stock has a fifty day simple moving average of $7.37 and a two-hundred day simple moving average of $7.11. The company has a market capitalization of $1.04 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 2.07 and a beta of 0.44. Hello Group has a 52-week low of $4.79 and a 52-week high of $8.38.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Citigroup raised their price objective on Hello Group from $5.90 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Benchmark reissued a “buy” rating and set a $13.00 price objective on shares of Hello Group in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.25.

Hello Group Company Profile

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates in three segments: Momo, Tantan, and QOOL. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities, including live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names.