Weibo Corporation (NASDAQ:WB) Announces $0.61 Annual Dividend

Weibo Corporation (NASDAQ:WB) announced an annual dividend on Wednesday, March 18th. Stockholders of record on Friday, April 17th will be given a dividend of 0.61 per share by the information services provider on Friday, May 22nd. This represents a dividend yield of 706.0%. The ex-dividend date of this dividend is Friday, April 17th.

Weibo has a dividend payout ratio of 44.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Weibo to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 57.6%.

Weibo Price Performance

Shares of WB opened at $8.48 on Thursday. Weibo has a fifty-two week low of $7.10 and a fifty-two week high of $12.96. The firm has a 50-day simple moving average of $10.24 and a 200-day simple moving average of $10.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.35 and a current ratio of 3.35. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 4.83, a price-to-earnings-growth ratio of 5.18 and a beta of 0.13.

Weibo (NASDAQ:WB) last issued its earnings results on Wednesday, March 18th. The information services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.07). Weibo had a return on equity of 11.79% and a net margin of 26.58%.The company had revenue of $473.26 million for the quarter, compared to analysts’ expectations of $444.28 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Weibo’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that Weibo will post 1.62 earnings per share for the current year.

About Weibo

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.