Full Truck Alliance Co. Ltd. (YMM) to Issue Annual Dividend of $0.14 on April 17th

Full Truck Alliance Co. Ltd. (NYSE:YMM) declared an annual dividend on Wednesday, March 5th, Wall Street Journal reports. Stockholders of record on Monday, April 7th will be paid a dividend of 0.1444 per share on Thursday, April 17th. 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 22.4% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of Full Truck Alliance stock opened at $11.08 on Friday. The stock has a market capitalization of $11.67 billion, a PE ratio of 26.37 and a beta of 0.19. Full Truck Alliance has a 52 week low of $6.66 and a 52 week high of $13.85. The stock has a 50 day moving average price of $12.41 and a two-hundred day moving average price of $10.73.

Wall Street Analysts Forecast Growth

YMM has been the topic of several analyst reports. Citigroup boosted their price target on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a report on Thursday, March 6th. HSBC initiated coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price target on the stock. Barclays upped their price objective on Full Truck Alliance from $7.00 to $13.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $13.00 to $18.00 in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $16.40.

About Full Truck Alliance

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.