Autohome Inc. (ATHM) to Issue Variable Dividend of $1.15 on March 19th

Autohome Inc. (NYSE:ATHM) announced a Variable dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 1.15 per share by the information services provider on Wednesday, March 19th. This represents a dividend yield of 5.8%. The ex-dividend date is Tuesday, December 31st. This is a boost from Autohome’s previous Variable dividend of $0.57.

Autohome has increased its dividend by an average of 31.0% per year over the last three years.

Autohome Stock Performance

Shares of NYSE ATHM opened at $28.85 on Friday. Autohome has a 52-week low of $21.89 and a 52-week high of $34.70. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 13.48 and a beta of 0.18. The stock has a 50 day moving average price of $29.55 and a 200 day moving average price of $27.47.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ATHM shares. CLSA downgraded Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Citigroup reaffirmed a “neutral” rating and set a $28.00 price target (down from $31.00) on shares of Autohome in a research report on Friday, July 19th. Benchmark downgraded Autohome from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Hsbc Global Res upgraded Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Autohome announced that its board has authorized a stock repurchase plan on Wednesday, September 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.