Weibo Co. to Issue Annual Dividend of $0.82 (NASDAQ:WB)

Weibo Co. (NASDAQ:WB) declared an annual dividend on Friday, March 14th, Wall Street Journal reports. Stockholders of record on Wednesday, April 9th will be paid a dividend of 0.82 per share by the information services provider on Thursday, May 15th. This represents a dividend yield of 7.77%. The ex-dividend date of this dividend is Wednesday, April 9th.

Weibo Stock Up 1.3 %

Shares of NASDAQ:WB opened at $10.56 on Friday. The stock’s 50-day moving average price is $10.18 and its 200-day moving average price is $9.48. Weibo has a 12-month low of $7.03 and a 12-month high of $12.40. The stock has a market capitalization of $2.56 billion, a P/E ratio of 7.23 and a beta of 0.27. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51.

Analysts Set New Price Targets

Several research firms recently issued reports on WB. StockNews.com raised Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Benchmark reissued a “hold” rating on shares of Weibo in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Weibo presently has an average rating of “Hold” and a consensus price target of $10.40.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.