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Xinyuan Real Estate Co Ltd American Depositary Shares
Note: For additional background, please see our previous article on XIN.
On April 3 before market open, Xinyuan Real Estate Co (NYSE:XIN) reported results for 4Q19 and full year 2019. Like all stocks, it has declined a lot during the COVID-19 sell-off, but had been declining for several months even prior to the virus outbreak.
There was likely a fair amount of concern that they would cut their dividend given the slowdown in China. But they maintained it at $0.10/share, so with the drop in the share price to $2.26/share, the dividend yield