NetEase, Inc. (NTES) to Issue Quarterly Dividend of $0.44 on December 13th

NetEase, Inc. (NASDAQ:NTES) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.435 per share by the technology company on Friday, December 13th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Friday, November 29th.

NetEase has raised its dividend by an average of 23.7% annually over the last three years. NetEase has a payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NetEase to earn $6.64 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 26.2%.

NetEase Price Performance

Shares of NTES stock opened at $86.21 on Wednesday. The business’s fifty day moving average price is $85.10 and its 200 day moving average price is $88.34. The firm has a market capitalization of $55.36 billion, a PE ratio of 14.56, a P/E/G ratio of 3.16 and a beta of 0.57. NetEase has a 1-year low of $75.85 and a 1-year high of $115.10.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price target on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. Bank of America dropped their target price on shares of NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Barclays decreased their price target on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, August 26th. Jefferies Financial Group dropped their price objective on NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Finally, Benchmark decreased their target price on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.29.

About NetEase

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.