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

NetEase, Inc. (NASDAQ:NTES) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.435 per share by the technology company on Friday, December 13th. This represents a $1.74 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, November 29th.

NetEase has increased its dividend payment by an average of 23.7% per year over the last three years. NetEase has a dividend payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NetEase to earn $6.34 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 27.4%.

NetEase Price Performance

Shares of NTES traded up $1.27 during midday trading on Friday, hitting $85.49. The stock had a trading volume of 2,028,189 shares, compared to its average volume of 1,746,710. NetEase has a 1 year low of $75.85 and a 1 year high of $118.89. The stock’s 50 day moving average is $83.59 and its 200 day moving average is $89.09. The firm has a market cap of $54.90 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.69 and a beta of 0.57.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $10.43. The company had revenue of $25.49 billion during the quarter, compared to analysts’ expectations of $26.01 billion. NetEase had a return on equity of 22.30% and a net margin of 26.98%. NetEase’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.75 EPS. As a group, equities research analysts expect that NetEase will post 6.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on NTES. Bank of America lowered their price target on NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a report on Friday, August 23rd. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 20th. Benchmark lowered their price objective on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday. Barclays reduced their target price on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, August 26th. Finally, Citigroup lifted their price target on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.29.

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.