NetEase, Inc. (NASDAQ:NTES) Announces Quarterly Dividend of $0.48

NetEase, Inc. (NASDAQ:NTES) declared a quarterly dividend on Friday, August 21st. Stockholders of record on Thursday, September 3rd will be paid a dividend of 0.48 per share by the technology company on Friday, September 18th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, September 3rd.

NetEase has increased its dividend by an average of 0.2%per year over the last three years. NetEase has a dividend payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NetEase to earn $9.85 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 19.4%.

NetEase Stock Performance

Shares of NASDAQ NTES opened at $121.78 on Tuesday. The firm has a market cap of $77.97 billion, a PE ratio of 16.77, a PEG ratio of 1.42 and a beta of 0.72. The firm has a fifty day moving average of $126.97 and a 200 day moving average of $120.52. NetEase has a one year low of $106.06 and a one year high of $159.55.

NetEase Company Profile

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.