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

NetEase, Inc. (NASDAQ:NTES) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Thursday, March 6th will be given a dividend of 0.435 per share by the technology company on Monday, March 17th. This represents a $1.74 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, March 6th.

NetEase has increased its dividend payment by an average of 43.6% annually over the last three years. NetEase has a dividend payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect NetEase to earn $7.32 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 23.8%.

NetEase Stock Performance

NASDAQ NTES opened at $103.22 on Friday. The stock has a market capitalization of $66.28 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 3.37 and a beta of 0.58. The stock’s 50 day moving average price is $97.77 and its two-hundred day moving average price is $89.77. NetEase has a 52 week low of $75.85 and a 52 week high of $114.50.

NetEase (NASDAQ:NTES) last released its earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. On average, equities research analysts forecast that NetEase will post 6.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NTES shares. Benchmark upped their price objective on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Morgan Stanley upped their price objective on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Citigroup upped their price objective on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Bank of America upped their price objective on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NetEase presently has a consensus rating of “Moderate Buy” and an average price target of $111.43.

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.