JD.com, Inc. (NASDAQ:JD) Announces Dividend Increase - $0.76 Per Share

JD.com, Inc. (NASDAQ:JD - Get Free Report) announced an annual dividend on Thursday, March 6th, Wall Street Journal reports. Shareholders of record on Tuesday, April 8th will be given a dividend of 0.76 per share by the information services provider on Tuesday, April 29th. This represents a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. This is a 2.7% increase from JD.com's previous annual dividend of $0.74.

JD.com has a payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect JD.com to earn $4.23 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 18.0%.

JD.com Stock Performance

Shares of JD traded up $0.11 during trading hours on Tuesday, hitting $40.75. The stock had a trading volume of 7,124,989 shares, compared to its average volume of 13,478,467. The firm has a market capitalization of $64.26 billion, a PE ratio of 12.85, a PEG ratio of 0.31 and a beta of 0.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com has a 12 month low of $24.13 and a 12 month high of $47.82. The stock has a fifty day moving average price of $39.12 and a 200 day moving average price of $36.95.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research note on Friday. Barclays raised their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Dbs Bank upgraded JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. UBS Group set a $51.00 target price on shares of JD.com in a research note on Friday. Finally, StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, JD.com presently has a consensus rating of "Moderate Buy" and an average target price of $44.43.

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Hedge Funds Weigh In On JD.com

A hedge fund recently bought a new stake in JD.com stock. Brighton Jones LLC bought a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,789 shares of the information services provider's stock, valued at approximately $270,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.