NetEase, Inc. (NASDAQ:NTES) Declares Quarterly Dividend of $0.57

NetEase, Inc. (NASDAQ:NTES) declared a quarterly dividend on Thursday, November 20th. Shareholders of record on Friday, December 5th will be given a dividend of 0.57 per share by the technology company on Friday, December 19th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, December 5th.

NetEase has decreased its dividend payment by an average of 0.0%annually over the last three years. NetEase has a dividend payout ratio of 25.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NetEase to earn $7.32 per share next year, which means the company should continue to be able to cover its $2.27 annual dividend with an expected future payout ratio of 31.0%.

NetEase Stock Up 0.4%

Shares of NetEase stock traded up $0.53 during mid-day trading on Thursday, hitting $133.95. The stock had a trading volume of 1,511,081 shares, compared to its average volume of 1,078,099. The firm has a 50-day moving average of $147.16 and a two-hundred day moving average of $135.27. The firm has a market cap of $84.87 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65. NetEase has a 12-month low of $84.97 and a 12-month high of $159.55.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.