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

NetEase, Inc. (NASDAQ:NTES) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Thursday, March 6th will be paid a dividend of 0.435 per share by the technology company on Thursday, March 20th. This represents a $1.74 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, March 6th.

NetEase has raised its dividend by an average of 43.6% annually over the last three years. NetEase has a dividend payout ratio of 59.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NetEase to earn $7.32 per share next year, which means the company should continue to be able to cover its $4.88 annual dividend with an expected future payout ratio of 66.7%.

NetEase Stock Down 3.1 %

Shares of NASDAQ NTES opened at $96.63 on Tuesday. The business has a 50 day moving average price of $98.61 and a two-hundred day moving average price of $90.20. NetEase has a fifty-two week low of $75.85 and a fifty-two week high of $111.93. The firm has a market cap of $62.05 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58.

NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.14. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. On average, analysts anticipate that NetEase will post 6.91 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on NTES. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Morgan Stanley lifted their price objective on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Citigroup boosted their price target on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Barclays boosted their target price on NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Finally, Benchmark upped their price objective on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.57.

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.