Vipshop Holdings Limited (NYSE:VIPS) to Issue $0.43 Annual Dividend

Vipshop Holdings Limited (NYSE:VIPS) announced an annual dividend on Monday, February 24th, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid a dividend of 0.43 per share by the technology company on Friday, April 25th. This represents a yield of 2.9%. The ex-dividend date is Friday, April 11th.

Vipshop has a payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vipshop to earn $2.11 per share next year, which means the company should continue to be able to cover its $0.43 annual dividend with an expected future payout ratio of 20.4%.

Vipshop Price Performance

NYSE:VIPS opened at $15.18 on Wednesday. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 1.52 and a beta of 0.30. The business has a 50 day simple moving average of $14.03 and a 200-day simple moving average of $14.00. Vipshop has a 1 year low of $11.50 and a 1 year high of $20.19.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Vipshop had a net margin of 7.50% and a return on equity of 20.89%. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $3.82 billion. As a group, analysts expect that Vipshop will post 1.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Barclays raised their price target on shares of Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Citigroup lowered their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.64.

About Vipshop

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.