NetEase Inc (NTES) to Issue Quarterly Dividend of $0.48 on March 15th

NetEase Inc (NASDAQ:NTES) declared a quarterly dividend on Friday, February 22nd, Wall Street Journal reports. Investors of record on Friday, March 8th will be given a dividend of 0.48 per share by the technology company on Friday, March 15th. This represents a $1.92 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, March 7th. This is a positive change from NetEase’s previous quarterly dividend of $0.45.

NetEase has decreased its dividend by an average of 2.1% annually over the last three years. NetEase has a dividend payout ratio of 27.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NetEase to earn $8.28 per share next year, which means the company should continue to be able to cover its $1.91 annual dividend with an expected future payout ratio of 23.1%.

NTES stock opened at $217.38 on Friday. The stock has a market capitalization of $28.55 billion, a P/E ratio of 31.64, a P/E/G ratio of 1.27 and a beta of 0.74. NetEase has a 52 week low of $184.60 and a 52 week high of $329.00.

NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Wednesday, February 20th. The technology company reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.41. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.91 billion. NetEase had a return on equity of 13.56% and a net margin of 9.12%. During the same quarter in the previous year, the firm earned $2.18 earnings per share. Equities analysts expect that NetEase will post 7.74 EPS for the current year.

NTES has been the subject of a number of analyst reports. Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $289.00 price target for the company in a research note on Wednesday, February 6th. Morgan Stanley downgraded NetEase from an “overweight” rating to an “equal weight” rating and set a $222.49 price target for the company. in a research note on Sunday, December 9th. BidaskClub raised NetEase from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 7th. Barclays raised NetEase from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $270.00 to $300.00 in a research note on Monday, January 14th. Finally, ValuEngine downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. NetEase presently has a consensus rating of “Buy” and an average target price of $271.39.

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About NetEase

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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Dividend History for NetEase (NASDAQ:NTES)

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