NetEase, Inc. (NASDAQ:NTES) Announces Quarterly Dividend of $0.72

NetEase, Inc. (NASDAQ:NTES) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, June 5th will be given a dividend of 0.72 per share by the technology company on Thursday, June 18th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, June 5th.

NetEase has increased its dividend payment by an average of 0.2%annually over the last three years. NetEase has a payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect NetEase to earn $9.36 per share next year, which means the company should continue to be able to cover its $2.87 annual dividend with an expected future payout ratio of 30.7%.

NetEase Price Performance

Shares of NTES opened at $124.75 on Wednesday. The company’s 50-day moving average is $115.12 and its 200-day moving average is $125.35. The firm has a market capitalization of $79.64 billion, a PE ratio of 16.57, a PEG ratio of 1.71 and a beta of 0.72. NetEase has a fifty-two week low of $106.06 and a fifty-two week 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.