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

NetEase, Inc. (NASDAQ:NTES) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Thursday, March 6th will be given 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 dividend yield of 1.69%. The ex-dividend date is Thursday, March 6th.

NetEase has raised its dividend 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. 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 Stock Performance

NASDAQ:NTES opened at $103.22 on Friday. The stock has a market capitalization of $66.28 billion, a P/E ratio of 16.20, a PEG ratio of 3.37 and a beta of 0.58. NetEase has a fifty-two week low of $75.85 and a fifty-two week high of $114.50. The company has a 50 day moving average price of $97.77 and a 200 day moving average price of $89.75.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share 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 business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $27.16 billion. Research analysts forecast that NetEase will post 6.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NTES. Morgan Stanley increased their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Bank of America raised their price target on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Benchmark upped their price objective on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday. Citigroup lifted their target price on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.