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.

WARNING: This report was reported by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.themarketsdaily.com/2019/03/03/netease-inc-ntes-to-issue-quarterly-dividend-of-0-48-on-march-15th.html.

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.

See Also: What is a bull market?

Dividend History for NetEase (NASDAQ:NTES)

Receive News & Ratings for NetEase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply