eBay Inc. (NASDAQ:EBAY) to Issue Quarterly Dividend of $0.31

eBay Inc. (NASDAQ:EBAY) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.31 per share by the e-commerce company on Friday, December 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, December 4th.

eBay has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. eBay has a payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect eBay to earn $5.36 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 23.1%.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $118.02 on Thursday. The firm’s 50 day moving average is $110.11 and its two-hundred day moving average is $103.57. The firm has a market capitalization of $52.52 billion, a P/E ratio of 24.43, a PEG ratio of 3.04 and a beta of 1.33. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay has a 52 week low of $78.03 and a 52 week high of $124.59.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period in the prior year, the company posted $1.36 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts anticipate that eBay will post 4.90 earnings per share for the current year.

Wall Street Analyst Weigh In

EBAY has been the topic of several research reports. Piper Sandler set a $136.00 price target on eBay in a report on Thursday. Cantor Fitzgerald reduced their price target on shares of eBay from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Mizuho set a $110.00 target price on shares of eBay in a research report on Thursday, August 6th. Barclays reissued an “overweight” rating on shares of eBay in a research note on Thursday. Finally, Susquehanna reissued a “neutral” rating on shares of eBay in a research report on Friday, August 7th. Fifteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $119.42.

eBay Company Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.