NetEase, Inc. to Issue Quarterly Dividend of $0.44 (NASDAQ:NTES)

NetEase, Inc. (NASDAQ:NTES) announced a quarterly dividend on Thursday, August 22nd, Zacks reports. Shareholders of record on Friday, September 6th will be given a dividend of 0.435 per share by the technology company on Friday, September 20th. This represents a $1.74 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, September 6th.

NetEase has increased its dividend payment by an average of 23.7% annually over the last three years. NetEase has a dividend payout ratio of 21.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect NetEase to earn $7.34 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 23.7%.

NetEase Stock Performance

Shares of NetEase stock opened at $82.25 on Friday. The firm has a market cap of $52.82 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.81 and a beta of 0.53. The firm’s 50-day simple moving average is $91.80 and its 200-day simple moving average is $97.35. NetEase has a twelve month low of $80.82 and a twelve month high of $118.89.

NetEase (NASDAQ:NTES) last posted its earnings results on Thursday, May 23rd. The technology company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.05). NetEase had a return on equity of 24.19% and a net margin of 28.75%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. On average, equities analysts forecast that NetEase will post 6.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Benchmark boosted their target price on shares of NetEase from $144.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Barclays assumed coverage on NetEase in a report on Thursday, June 13th. They set an “equal weight” rating and a $104.00 price target for the company. Morgan Stanley restated an “equal weight” rating and issued a $100.00 target price on shares of NetEase in a research note on Friday, July 5th. Jefferies Financial Group lowered their price objective on shares of NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday. Finally, StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 20th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.25.

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.