NetEase, Inc. (NTES) To Go Ex-Dividend on September 6th

NetEase, Inc. (NASDAQ:NTES) announced a quarterly dividend on Thursday, August 22nd, Zacks reports. Investors of record on Friday, September 6th will be given a dividend of 0.435 per share by the technology company on Friday, September 20th. This represents a $1.74 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, September 6th.

NetEase has increased its dividend by an average of 23.7% per year over the last three years. NetEase has a dividend payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NetEase to earn $7.22 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 24.1%.

NetEase Stock Performance

Shares of NASDAQ:NTES opened at $78.00 on Wednesday. The company’s fifty day moving average is $90.12 and its two-hundred day moving average is $95.81. NetEase has a 1-year low of $77.57 and a 1-year high of $118.89. The stock has a market capitalization of $50.09 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.61 and a beta of 0.53.

NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $10.43. The business had revenue of $25.49 billion for the quarter, compared to the consensus estimate of $26.01 billion. NetEase had a return on equity of 22.30% and a net margin of 26.98%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.75 EPS. Sell-side analysts expect that NetEase will post 6.67 EPS for the current fiscal year.

Analysts Set New Price Targets

NTES has been the subject of several recent research reports. Barclays lowered their price target on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, August 26th. Bank of America reduced their price objective on NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Morgan Stanley reiterated an “equal weight” rating and set a $100.00 price target on shares of NetEase in a research report on Friday, July 5th. Finally, Jefferies Financial Group decreased their price target on NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.67.

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.