NetEase Inc (NASDAQ:NTES) Raises Dividend to $1.04 Per Share

NetEase Inc (NASDAQ:NTES) declared a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Investors of record on Friday, August 23rd will be given a dividend of 1.04 per share by the technology company on Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, August 22nd. This is a boost from NetEase’s previous quarterly dividend of $0.69.

NetEase has decreased its dividend by an average of 2.1% annually over the last three years. NetEase has a payout ratio of 39.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NetEase to earn $11.48 per share next year, which means the company should continue to be able to cover its $2.75 annual dividend with an expected future payout ratio of 24.0%.

NASDAQ NTES opened at $254.72 on Friday. NetEase has a 1-year low of $184.60 and a 1-year high of $289.68. The company has a market capitalization of $34.26 billion, a P/E ratio of 37.08, a PEG ratio of 0.80 and a beta of 0.87. The business has a 50 day moving average price of $246.54 and a 200 day moving average price of $251.31.

NetEase (NASDAQ:NTES) last announced its earnings results on Wednesday, May 15th. The technology company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.89. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.73 billion. NetEase had a return on equity of 18.39% and a net margin of 11.86%. NetEase’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.59 EPS. Equities research analysts anticipate that NetEase will post 10.28 earnings per share for the current year.

A number of equities research analysts have commented on NTES shares. BidaskClub upgraded NetEase from a “strong sell” rating to a “sell” rating in a report on Monday. Benchmark restated a “buy” rating and set a $305.00 price objective (up previously from $295.00) on shares of NetEase in a report on Thursday, May 16th. Goldman Sachs Group cut NetEase from a “buy” rating to a “neutral” rating in a report on Sunday, August 11th. Zacks Investment Research upgraded NetEase from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a report on Thursday, August 8th. Finally, Jefferies Financial Group assumed coverage on NetEase in a report on Monday, August 5th. They issued a “buy” rating and a $274.60 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $277.34.

About NetEase

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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Dividend History for NetEase (NASDAQ:NTES)

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