NetEase Inc (NASDAQ:NTES) Plans Quarterly Dividend of $4.14

NetEase Inc (NASDAQ:NTES) announced a quarterly dividend on Wednesday, November 20th, Zacks reports. Stockholders of record on Friday, December 6th will be given a dividend of 4.14 per share by the technology company on Friday, December 13th. This represents a $16.56 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend is Thursday, December 5th. This is an increase from NetEase’s previous quarterly dividend of $1.04.

NetEase stock opened at $313.77 on Tuesday. The firm has a market cap of $40.35 billion, a PE ratio of 45.67, a P/E/G ratio of 0.40 and a beta of 0.81. The firm’s 50 day moving average price is $293.71 and its two-hundred day moving average price is $265.94. NetEase has a twelve month low of $209.01 and a twelve month high of $320.00.

A number of equities research analysts have issued reports on NTES shares. Jefferies Financial Group assumed coverage on shares of NetEase in a research note on Monday, August 5th. They set a “buy” rating and a $274.60 target price for the company. Macquarie assumed coverage on shares of NetEase in a research note on Thursday, November 21st. They issued an “outperform” rating and a $363.00 price target on the stock. Benchmark increased their price objective on NetEase from $305.00 to $380.00 and gave the stock a “positive” rating in a report on Thursday, November 21st. Citigroup lifted their price objective on NetEase from $301.00 to $326.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, ValuEngine downgraded NetEase from a “sell” rating to a “strong sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. NetEase presently has an average rating of “Buy” and a consensus target price of $307.55.

About NetEase

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. 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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