NetEase Inc to Issue Quarterly Dividend of $0.45 (NTES)

NetEase Inc (NASDAQ:NTES) declared a quarterly dividend on Wednesday, November 14th, NASDAQ reports. Shareholders of record on Friday, November 30th will be given a dividend of 0.45 per share by the technology company on Friday, December 7th. This represents a $1.80 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 29th.

NetEase has raised its dividend by an average of 14.2% annually over the last three years and has increased its dividend every year for the last 2 years. NetEase has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NetEase to earn $8.93 per share next year, which means the company should continue to be able to cover its $1.79 annual dividend with an expected future payout ratio of 20.0%.

NASDAQ:NTES opened at $225.75 on Friday. NetEase has a 52 week low of $184.60 and a 52 week high of $377.64. The firm has a market cap of $30.68 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.53 and a beta of 0.96.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Wednesday, November 14th. The technology company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($0.30). NetEase had a return on equity of 12.66% and a net margin of 9.22%. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the company posted $3.43 EPS. The firm’s revenue was up 30.9% compared to the same quarter last year. Sell-side analysts predict that NetEase will post 7.27 EPS for the current fiscal year.

A number of analysts have recently weighed in on the company. TheStreet raised NetEase from a “c+” rating to a “b” rating in a research report on Friday, August 10th. Zacks Investment Research lowered NetEase from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Nomura upped their price objective on NetEase from $265.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, November 16th. BidaskClub lowered NetEase from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. Finally, Macquarie lowered NetEase from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. NetEase has an average rating of “Buy” and a consensus price target of $298.10.

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NetEase Company Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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Dividend History for NetEase (NASDAQ:NTES)

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