Latest Stock Buy: XIN

Updated: 29 May, 2020 seen 80

In October 2018, I bought 144 shares of Xinyuan Real Estate (XIN ) at $3.79 per share. With its quarterly dividend payout of 0.1 dollars per share, this latest buy has a dividend yield of 10.55 % and will pay us $14.4 every quarter. Awesome! 

Bought after watching CNBC morning news. This stock is my first step into Asian markets (China)

Xinyuan Real Estate Co., Ltd. is a Chinese real estate company.

Xinyuan has traditionally engaged principally in residential real estate development and the provision of property management services, focusing on Tier II cities in China.

About Xinyuan Real Estate

Founded by Dr. Zhang Yong in Zhengzhou, Henan Province in 1997, Xinyuan Group has successfully evolved from a company that solely focused on real estate development into a huge corporate group that incorporates an array of ancillary businesses. During the past 20 years, Xinyuan has built strong momentum by following the strategy of "robust core business and rapid transformation", and blazed new trails in realms such as real estate development, city industry cooperation, business management, and smart technology.

Adhering to the "Quality Real Estate "and" Smart Real Estate " ideal, Xinyuan has ranked among the top 100 Chinese real estate businesses for 13 consecutive years. Up to now, it has completed over 60 projects with a total gross floor area of approximately 20 million square meters and provided more than 200,000 homeowners with high-quality accommodations.

With the business establishment in the U.S., the UK and the Asia Pacific, Xinyuan Group has always deemed international real estate a pivotal part of its development. Currently, it has expanded its overseas business to a vast variety of regions, spawning a number of landmark projects in New York, London, Malaysia, etc.

Other than development, Xinyuan Group's real estate portfolio also encompasses real estate-related service, property management, business management, and technology services. These peripheral businesses are interrelated and interact externally to constantly boost and empower the growth of the real estate business powerhouse.

The technology sector of Xinyuan Group mainly focuses on the development of blockchain technology, blockchain based real estate financial service platform, and home-based artificial intelligence robotic technology. The three of them are joining force to drive Xinyuan Group toward its next stop of technological transformation.

To embrace the future, Xinyuan has also developed a new corporate culture and established a new partner platform. With the spirit of "Cooperation, Sharing and WinWin", this new cultural and organizational framework is bound to effect positive change in our business landscape, in terms of business channel expansion, development pattern, and capital market operations, etc. To cement the success of our strategic vision of "XIN Platform, XIN Ecosystem, and XIN Empowerment", Xinyuan will continue to focus on advancing its core business of real estate, seizing every opportunity to internationalize, technologically energize its business.