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

NetEase, Inc. (NASDAQ:NTES) declared 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 Monday, March 17th. This represents a $1.74 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, March 6th.

NetEase has increased its dividend payment by an average of 43.6% per year over the last three years. NetEase has a dividend payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NetEase to earn $7.32 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 23.8%.

NetEase Price Performance

Shares of NASDAQ NTES opened at $103.22 on Friday. The stock’s fifty day moving average price is $97.77 and its two-hundred day moving average price is $89.77. NetEase has a one year low of $75.85 and a one year high of $114.50. The firm has a market cap of $66.28 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 3.37 and a beta of 0.58.

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

Analyst Upgrades and Downgrades

NTES has been the topic of several analyst reports. Morgan Stanley increased their target price on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Benchmark increased their target price on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday. Citigroup increased their target price on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Bank of America increased their target price on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $111.43.

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.