NetEase, Inc. Declares Quarterly Dividend of $0.57 (NASDAQ:NTES)

NetEase, Inc. (NASDAQ:NTES) declared a quarterly dividend on Thursday, November 20th. Investors of record on Friday, December 5th will be given a dividend of 0.57 per share by the technology company on Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, December 5th.

NetEase has decreased its dividend payment by an average of 0.0%per year over the last three years. NetEase has a dividend payout ratio of 25.9% 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 $2.27 annual dividend with an expected future payout ratio of 31.0%.

NetEase Price Performance

NTES stock traded up $0.53 during midday trading on Thursday, hitting $133.95. 1,511,081 shares of the stock traded hands, compared to its average volume of 1,078,099. The stock’s fifty day simple moving average is $147.16 and its 200-day simple moving average is $135.27. The firm has a market cap of $84.87 billion, a P/E ratio of 18.13, a PEG ratio of 1.91 and a beta of 0.65. NetEase has a 1-year low of $84.97 and a 1-year high of $159.55.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NTES shares. JPMorgan Chase & Co. upgraded NetEase from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $138.00 to $190.00 in a research report on Friday, October 10th. Zacks Research lowered NetEase from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Morgan Stanley reissued an “overweight” rating and issued a $170.00 price target on shares of NetEase in a report on Wednesday, October 8th. The Goldman Sachs Group set a $161.00 price objective on shares of NetEase and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NetEase in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, NetEase presently has a consensus rating of “Moderate Buy” and an average price target of $145.33.

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.