Alibaba Group Holding Limited (BABA) to Issue Annual Dividend of $1.05 on July 13th

Alibaba Group Holding Limited (NYSE:BABA) declared an annual dividend on Wednesday, May 13th. Stockholders of record on Thursday, June 11th will be given a dividend of 1.05 per share by the specialty retailer on Monday, July 13th. This represents a dividend yield of 72.0%. The ex-dividend date is Thursday, June 11th.

Alibaba Group has a payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Alibaba Group to earn $9.48 per share next year, which means the company should continue to be able to cover its $1.03 annual dividend with an expected future payout ratio of 10.9%.

Alibaba Group Stock Performance

NYSE BABA opened at $120.11 on Tuesday. The firm has a market cap of $288.17 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 2.08 and a beta of 0.48. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $130.74 and a 200-day moving average price of $144.98. Alibaba Group has a twelve month low of $103.71 and a twelve month high of $192.67.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. The firm had revenue of $35.30 billion during the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%. As a group, equities research analysts predict that Alibaba Group will post 6.75 EPS for the current fiscal year.

About Alibaba Group

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.