Weibo Co. (WB) to Issue Annual Dividend of $0.82 on May 15th

Weibo Co. (NASDAQ:WB) announced an annual dividend on Friday, March 14th, Wall Street Journal reports. Investors of record on Wednesday, April 9th will be given a dividend of 0.82 per share by the information services provider on Thursday, May 15th. This represents a dividend yield of 7.77%. The ex-dividend date is Wednesday, April 9th.

Weibo Stock Up 1.3 %

Shares of WB opened at $10.56 on Friday. The company has a market capitalization of $2.56 billion, a PE ratio of 7.23 and a beta of 0.27. Weibo has a 12 month low of $7.03 and a 12 month high of $12.40. The stock’s 50-day moving average price is $10.18 and its two-hundred day moving average price is $9.48. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WB. Benchmark restated a “hold” rating on shares of Weibo in a research note on Wednesday, November 20th. StockNews.com upgraded Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Weibo has a consensus rating of “Hold” and a consensus price target of $10.40.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.